Annual Report 2011/2012 Contents

FILM VICTORIA ANNUAL REPORT 2011/2012 CONTENTS

INTRODUCTION 1

OUR PROGRAMS & SERVICES 12

DISCLOSURE OF PAYMENTS 20

REPORT OF OPERATIONS 30

FINANCIAL STATEMENTS 50

FRONT COVER MACGUFFIN’S CURSE Brawsome Supported through Games Investment

THE CUP JDL Films Supported through PIAF and RLAF

DON’T BE AFRAID OF THE DARK Miramax Films Supported through PIAF and RLAF

INSIDE FRONT COVER GOLDEN GIRL Happening Films Supported through Propeller Shorts

THEN THE WIND CHANGED Rebel Films Supported through Production Investment

THE EYE OF THE STORM Paper Bark Films FILM VICTORIA Supported through PIAF ABN 30214 952 770 Published by Film Victoria Melbourne Victoria Australia BACK COVER September 2012 MISS FISHER’S MURDER MYSTERIES Also published on www.ﬁ lm.vic.gov.au Every Cloud Productions © Copyright State of Victoria 2012 Supported through Production Investment, Fiction Television Co-funding and RLAF This publication is copyright. No part may be reproduced by any process except in accordance DANCE ACADEMY – SERIES 2 with the provisions of the Copyright Act 1968. Werner Film Productions Supported through Production Investment Authorised by the Victorian Government. KAPYONG DESIGN Kapyong Pty Ltd Supported through Production Investment Aer Design

® certiﬁ ed PRINT INSIDE BACK COVER Press Print FLEA BITTEN! * uncoated paper. Revive Laser is FSC Moody Street Kids This report is printed on Revive Laser, an Australian made Supported through Production Investment and Slate Funding 100% recycled and carbon neutral. Revive also supports Landcare Australia. KILLER ELITE * The cover of this report is printed on 300gsm Revive Laser which ® Mix Certiﬁ ed and 70% recycled. Omnilab Media is FSC Supported through PIAF and RLAF FILM VICTORIA

FILM VICTORIA IS THE STATE GOVERNMENT AGENCY THAT PROVIDES STRATEGIC LEADERSHIP AND ASSISTANCE TO THE FILM, TELEVISION AND DIGITAL MEDIA SECTORS OF VICTORIA.

We invest in projects, businesses and people, and promote Victoria as a world-class production destination nationally and internationally. We work closely with industry and government to position Victoria as an innovation leader through the growth and development of the Victorian screen industry.

Initially constituted as the Victorian Film Corporation in 1976 under an Act of Parliament, the Corporation became OFFSPRING – SERIES 2 Film Victoria in 1982 by virtue of the Film Victoria Act (1981). Southern Star Entertainment In 1997, the functions of Film Victoria were amalgamated Supported through Production Investment with those of the State Film Centre of Victoria to form Cinemedia Corporation, under the Cinemedia Act (1997). The Film Act (2001) abolished Cinemedia and established Film Victoria and the Australian Centre for the Moving Image as separate statutory authorities.

The Film Act (2001) defi nes Film Victoria’s role as to provide: ‘Strategic leadership and assistance to the fi lm, television and multimedia industry of Victoria to encourage innovation and the creation of new projects of high quality that are of economic or cultural benefi t to Victoria.’ FILM VICTORIA INTRODUCTION 2–3 ANNUAL REPORT 2011/12 \ \ \ \ OUR STAFF OPPORTUNITIES. PROSPERITY ANDCREATIVE LIFE ANDGENERATES JOBS, ENRICHES OURCULTURAL SCREEN INDUSTRY WHICH IS TO LEADANINNOVATIVE OUR MISSION ECONOMY ANDCULTURE. A WORLD LEADINGSCREEN IS FORVICTORIA TO HAVE OUR VISION

requirements. resources andinformationtechnology and ﬁ Manage theorganisation’s governance Government work withtheBoardandVictorian host andfacilitateindustryevents opportunities andachievements, market andcommunicateindustry Develop industrypolicyandstrategy, productions provide locationsadviceandfacilitate a world-classproductiondestination, Market anddevelopVictoriaas and fosteraskilledworkforce and businessdevelopmentsupport, audience engagement,provideskills of originalscreencontent,encourage Support thecreationandproduction nancial, legal,recoupment,human Innovation (DBI). with theDepartmentofBusinessand Hon. LouiseAsherMPandworkclosely Services andSmallBusiness,the We reporttotheMinisterforInnovation, OUR CORPORATE GOVERNANCE

LAST DANCE FG Film Productions Supported through Production Investment and Slate Funding BULLISTIC UNLEASHED Millipede Creative Development Supported through Games Investment

DEPARTMENT OF BUSINESS AND INNOVATION

ORGANISATIONAL CHART

MINISTER FOR INNOVATION, SERVICES AND SMALL BUSINESS DIRECTORATE SHAE QUABBA

FILM VICTORIA BOARD Strategy

CHIEF EXECUTIVE OFFICER Research & policy development JENNI TOSI Marketing

Events

INDUSTRY DEVELOPMENT AND INVESTMENT SUE EDWARDS (ACTING)

INCENTIVES, LOCATIONS Content development AND PRODUCTION SERVICES KATE MARKS Production investment

Production attraction Skills development BUSINESS AFFAIRS NESREEN BOTTRIELL Policy liaison Professional development

Finance Production services Audience engagement

Information technology

Human resources

Legal

Cash Flow Facility

OUTLAND Princess Pictures Supported through Production Investment, Fiction Television Co-funding and Cash Flow Facility FILM VICTORIA INTRODUCTION 4–5 ANNUAL REPORT 2011/12 BOARD OUR and mobile. and marketingfor broadcast,online which specialisesincontentproduction a companyshefoundedin2006, Managing DirectorofStudioIsh, media industryassociation.Debra is Association (AIMIA),theleading digital Interactive MultimediaIndustry Victorian PresidentoftheAustralian festival juries.Shewaspreviouslythe business boardsandinternational served onanumberofartsand Executive ofScreenWest whohas developments. SheisaformerChief media businessandindustry with specialistknowledgeofdigital industry executiveandentrepreneur Debra isanexperiencedscreen SINCE SEPTEMBER2010 DEBRA ALLANSON of CompanyDirectors. a FellowoftheAustralianInstitute to FilmVictoria,Cinemedia.Ianis Director ofthepredecessoragency Chair ofFilmAustraliaLimited,and Chair ofAusfi lm, DirectorandDeputy Broadcasting Authority, Directorand board membershipoftheAustralian Ian’s formerappointmentsinclude company, BeyondInternationalLimited. ASX-listed productionanddistribution Screen AustraliaandaDirectorofthe Australian Governmentfi lm agency He isalsotheDeputyChairof the fi rm’s Sydneyoffi ce in1994. Melbourne in1990andestablished a partnerofHoldingRedlichin in SouthMelbourne.Hebecame facilities company, AAV Australia, of thevideo,post-productionand in Melbourne,andasaSenior Executive publisher ofthe counsel forDavidSyme&CoLimited, including inthe1980sasin-house industries for mostofhiscareer, in andforthemediaentertainment fi rm’s Sydneyoffi ce. Ianhasworked He isalsotheManagingPartnerof practice oflawfi rm HoldingRedlich. the mediaandentertainment heads who Ian isacorporateandmedia lawyer SINCE SEPTEMBER2011 PRESIDENT IAN ROBERTSON The Age newspaper the pastdecade. to federalgovernmentdepartmentsfor independent fi lm production consultant Television andhasbeenengagedasan Managing DirectorofWestside Film& Award forhershortfi lm work.Annis and theStKildaFilmFestivalBest the SydneyFilmFestivalDendyAward and twoA.T.O.M. awards.Shehaswon an InternationalEmmy, aBanffRockie international awardsincludingtwoAFIs, content. Annhaswonnationaland long-form televisionandmultiplatform of featurefi lms, documentaries, executive producerand VCA, andhasworkedasacreator, NSW UniversityofTechnology and 30 years.Sheisagraduateofthe television industryformorethan Ann hasworkedinthefi lm and SINCE SEPTEMBER2010 ANN DARROUZET Templeton GlobalGrowthFundLtd. Limited andlistedinvestmentcompany company CatholicChurchInsurances also aDirectorofthegeneralinsurance practice establishedin2002,andis Wealth Strategies,afi nancial planning Director andAdviserwithExecutive Management. SheisManaging Financial Offi cer ofNationalFinancial of environments,includingChief experience developedinarange background totheBoardthrough strong corporategovernance strategy experience,andbringsa Jo hasexcellentmanagementand National AustraliaBankandDeloitte. developed throughseniorrolesat services andwealthmanagement extensive experienceinfi nancial Jo isacharteredaccountantwith SINCE NOVEMBER 2004 JO DAWSON DAN FILL SINCE SEPTEMBER 2010 KIM MCGRATH JAN SARDI SINCE FEBRUARY 2010 SINCE SEPTEMBER 2007 Dan is the co-founder of Chocolate Liberation Front, an entertainment Kim has a legal background and over Jan is one of Australia’s eminent company focused on high-quality 20 years’ experience in public policy screenwriters. In 1997 he received and innovative properties for all development and implementation in an Academy Award Nomination for platforms. He has produced THE a range of portfolio areas, including his screenplay for SHINE, as well as ADVENTURES OF FIGARO PHO the screen industry and governance. nominations for BAFTA, the Writers for ABC3, IMMIGRATION NATION Kim provides policy and governance Guild of America, and the Golden – BUILDING MULTICULTURAL advice to the Timor-Leste Government, Globe Awards. In 2003 he wrote AUSTRALIA for SBS and THE WILD and public and private sector entities and directed the award-winning fi lm KRATTS interactive games for PBS in Australia. Kim also serves on the LOVE’S BROTHER, an Australian/ and TVOntario. Dan was Head of Board of the Melbourne International UK production. He also adapted the Multi-Platform at ABC TV and Vice Film Festival and South Gippsland Water. hit fi lms THE NOTEBOOK and MAO’S President of Toronto-based Decode LAST DANCER for the screen. Jan’s Entertainment. He is one of the current projects include adaptations creators behind ABC iView and of THE SECRET RIVER by Kate has been recognised with more Grenville and REMARKABLE than 40 international awards, CREATURES by Tracy Chevalier. including a BAFTA nomination, He is President of the Australian Canadian New Media Producer Writers’ Guild. of the Year 2002 and Australian MICHAEL MCMAHON Digital Media Producer of 2009. SINCE FEBRUARY 2010

Michael is a former lawyer with extensive experience in arts and entertainment law. He was Director of the Arts Law Centre of Australia and the National Indigenous Arts DARYL TALBOT Advocacy Association, and has SINCE SEPTEMBER 2011 LYN MADDOCK AM, PSM served on boards of several arts and cultural organisations. He Daryl Talbot is Managing Director SINCE SEPTEMBER 2011 commenced producing fi lm and of WTFN Entertainment – an Lyn has more than 25 years of television projects in 1997 and is independent television production experience as an executive in the a Director of Matchbox Pictures. company based in Melbourne which public and private sectors, with produces shows such as BONDI a background in research and VET and the award winning story of economics. For the past decade she conjoined twins TRISHNA & KRISHNA: has worked within the government THE QUEST FOR SEPARATE LIVES. and media sectors, including with the Daryl started at WTFN in 2001 after Australian Communications and Media nearly 20 years working as a news Authority (ACMA) from 2005 to 2009 reporter and producer for network television in Australia and the UK. and as the Interim CEO of Screen DAVID PARKER Australia in 2008. Lyn has served on This included 15 years at Australia’s SINCE SEPTEMBER 2010 various Boards including Deputy/Acting Nine Network producing news, documentaries and lifestyle shows. Chair of ACMA and Deputy/Acting Chair David’s fi rst fi lm MALCOLM was a Under his leadership WTFN has of the Australian Broadcasting critical and box offi ce success winning grown to be one of Australia’s most Authority. From 2009 to 2011, eight AFI awards and released in dynamic independent television Lyn was the Director of the Australian 22 countries. He has continued Antarctic Division. In June 2012 to work as producer, writer and production companies. Lyn was awarded a Member (AM) cinematographer on features and in the General Division of the Order TV movies such as THE BIG STEAL, of Australia. AMY, HERCULES RETURNS, PURE RETIRED MEMBERS LUCK, KATH AND KIMDERELLA and John Howie his latest fi lm FATAL HONEYMOON (President) with Harvey Keitel. His 2010 fi lm, February 2003 – August 2011 MATCHING JACK, won Best Film, Best Director and Best Screenplay Ana Kokkinos at the Milan International Film Festival December 2002 – August 2011 in 2011. David’s company with Nadia Tass, Cascade Films, Michael Lynch owned and operated the successful September 2010 – June 2011 Melbourne Film Studio for 25 years. FILM VICTORIA INTRODUCTION 6–7 ANNUAL REPORT 2011/12 \ \ \ \ \ \\ OBJECTIVE 1 AREAS FOR2010–2013. OBJECTIVES ANDPRIORITY OUTLINES OURSTRATEGIC OUR CORPORATE PLAN OBJECTIVES STRATEGIC OUR

business developmentareas to upskillincontentcreationand Support screenindustrypractitioners crews toexpandtheirskillsbase Maximise opportunitiesforVictorian in Victoria destination toencourageactivity Victoria asaworld-leadingproduction Market Melbourneandprovincial production activityinVictoria Provide assistancetoincrease to driveindustrygrowth Support Victorianscreenbusinesses EXPORTS ANDJOBS THAT ATTRACTS INVESTMENTS, DRIVE INDUSTRY GROWTH \\ OBJECTIVE 3 \ \ \\ OBJECTIVE 2 \

in screenculture and broadenaudienceengagement Support organisationsthatincrease achieve internationalrecognition with localaudiencesandcan Australian perspectives,resonates Support localcontentthatrefl ects SCREEN CONTENT VICTORIAN ANDAUSTRALIAN AUDIENCE ENGAGEMENT WITH INCREASE ANDBROADEN for theindustryinidentifi Lead advocacyorstrategicpolicyprojects INDUSTRY GROWTH PRACTICE TO ACHIEVE SHAPE POLICIESAND ed areasofneed \\ OBJECTIVE 4 ENHANCE ORGANISATIONAL CAPABILITY TO DELIVER THE ORGANISATION’S CORPORATE PLAN \ Maintain corporate governance through policies, procedures, relevant legislation and Departmental standards and improve organisational effi ciency

\ Value our staff and enhance their skills and capability to the beneﬁ t of the

individual and the organisation DON’T BE AFRAID OF THE DARK Miramax Films Supported through PIAF and RLAF

X Circe Films Supported through Production Investment FILM VICTORIA INTRODUCTION 8–9 ANNUAL REPORT 2011/12 FINANCIAL YEAR. FOR THE2011/12 OF FILMVICTORIA ANNUAL REPORT TO PRESENT THE I AMPLEASED PRESIDENT FROM OUR support fortheindustry. continued VictorianGovernment demonstrates theimportanceof and abilitytodelivervalue.Italso its energy, talent,creativeexcellence Victorian screenindustryhighlights This considerableachievementbythe were directlysupportedbyFilmVictoria. previous year. Manyoftheseprojects of morethan50percentabovethe in thestate–anincreaseexpenditure spending anestimated$208.9million production inVictoria2011/12, and digitalmediaprojectscommenced A totalof73featureﬁ lm, television centre forscreenproduction. its positionasastrongandcompetitive Victoria hascontinuedtomaintain It isaccordinglyverypleasingthat industry generally. and theuncertaintiesinmedia and astrongAustraliandollar, of theglobaleconomicenvironment in partthechallengesanduncertainties the Victorianscreenindustry, reﬂ ecting This hasbeenachallengingyearfor

CLOUDSTREET Screentime Supported through PIAF (post) are gratefullyacknowledged. and hernineyearsoftirelessleadership served FilmVictoriawithdistinction Sandra SdrauligAMasCEO. Film Victoriaitself.Jennisucceeded screen productionsectorandwithin considerable experienceintheVictorian energy totheroleaswell CEO, JenniTosi whobringsgreat included theappointmentofanew Other prioritiesduringtheyearhave challenges ahead. as wepreparetheagencyfor Board inthesecondhalfof2011/12 a particularfocusoftheFilmVictoria to theVictorianindustry. Thishasbeen so astodeliverthemaximumbenefi t on operatingaseffi ciently aspossible, constraints andmustaccordinglyfocus agencies, isoperatingwithinbudget with allstateandfederalgovernment However, FilmVictoria,incommon Film Victoria has also supported The Premier, the Hon. Ted Baillieu the inaugural Indian Film Festival MP, and the Minister for Innovation,novation, of Melbourne and the Victoria-India Services and Small Business,s, the Hon. Co-production Initiative, both aimed Louise Asher MP, have each shown at strengthening the relationship a continued interest in and supportpport between the Victorian and Indian of the Victorian screen industryy and screen industries. Greater engagement the activities of Film Victoria, forr which with India is a priority of the Victorian we thank them. Government and Film Victoria has welcomed the opportunity to support Finally, I thank Film Victoria’s staff,f, complementary programs involving together with the industry practitionersners the screen sector. who serve on our various committees,es, for their very considerable efforts I wish to particularly acknowledge to ensure that Film Victoria and the the very signifi cant contribution of Victorian screen industry continue John Howie, who served as president to be successful. of Film Victoria and chair of its predecessor agency for an aggregate period of more than a decade. I also acknowledge the contribution of outgoing members Ana Kokkinos and Michael Lynch and thank them for Ian Robertson their service. I welcome new members President Lyn Maddock and Daryl Talbot who Film Victoria bring a depth and breadth of valuable skills and experience to the Board.

SURVIVING GEORGIA Surviving Georgia Pty Ltd

SupportedInvestment through Production and RLAF FILM VICTORIA INTRODUCTION 10–11 ANNUAL REPORT 2011/12 RESULTS. YEAR’S ANNUAL TO PRESENT THIS I’M DELIGHTED FILM VICTORIA, ON BEHALFOF OUR CEO FROM production activity. of local,nationalandoffshore previous year. Thisincludedamix increase of276percentonthe leveraged $58.9million–asignifi cant post-production inVictoria,which features commencingproductionor We supported 13factualandnarrative resonate withaudiences. and theirabilitytotellstoriesthat Victoria’s screenpractitioners, creativity andresponsivenessof These strongresultsrefl ect thetalent, service businessesactive. practitioners, andkeptourscreen we supportedcreated6,662jobsfor previous year. Importantly, theprojects double ourleveragedspendthe $152.7 millionin2011/12–almost programs leveragedatotalspendof I’m pleasedtoreportthatFilmVictoria’s cultural benefi ts toVictoria. and deliversignifi cant economic and projects toaudiencesaroundtheworld; to develop,produceanddistributetheir Board andstafftosupportpractitioners deeply satisfyingworkingwiththe In myfi rst yearasCEO,ithasbeen in 2011/12. footloose productionactivityoccurring robustness, withsignifi cant localand demonstrated itsresilienceand The Victorianscreenindustryhas with localdevelopers. games expertssharedtheirexperiences in whichtheworld’s mostinfl uential to deliver And inJunewepartneredwithACMI reviews andstrongsalestodate. was releasedinApril2012toexcellent MACGUFFIN’S CURSE, the year. Brawsome’s puzzleadventure have performedstronglythroughout 13 gamesprojectsandlocal committed almost$750,000to On thedigitalmediafront,we local andinternationalsuccess. Television documentariesalsoachieved television withworldwideappeal. that Melbourneishometoexceptional been soldoverseas,demonstrating numbers hereathome,they’vealso not onlyachievedstrongviewership MYSTERIES, and as THESLAP, MISSFISHER’S MURDER The calibreoflocalproductionssuch to dominatetheVictorianindustry. television sector, whichcontinues commitment hassupportedthe More thantwo-thirdsofourinvestment Production-Investment program. to 33localprojectsthroughourScreen we committedmorethan$5.8million economic environment.In2011/12 increased despitethechallenging Local productioninparticularhas Game Masters:TheForum OFFSPRING for example, have , While the strong Australian dollar While our programs are at the core I also acknowledge the Minister and highly competitive environment of Film Victoria’s activities, the services for Innovation, Services and Small continue to affect large-scale we provide are equally important. Business, the Hon. Louise Asher MP international project interest in We work closely with industry to [who] has been a strong supporter Australia, the reputation of Victoria’s preserve Victoria’s reputation as a of Film Victoria throughout the year, practitioners, along with Film Victoria’s production hub, and ensure local and demonstrating a keen interest in our incentives and fi lm commission services visiting fi lmmakers have a consistently screen industry and the cultural and have enabled us to secure several positive experience while fi lming here. economic contribution it brings footloose productions. to the State. Work has commenced to streamline Extraordinary sets, big-name actors processes for granting fi lm production Finally, to Victoria’s screen and a period of frenzied activity for permits, with the aim of reducing red professionals, congratulations on the many local crew and technicians tape for fi lmmakers; and we developed success of your projects and all your marked the fi lming of I, FRANKENSTEIN and introduced a voluntary code of achievements over the past year. at Docklands Studios Melbourne and conduct for the screen industry to assist As we look back on 2011/12, there is various locations around the city. local fi lmmakers and maintain our great much to be celebrated. We look forward Add to the mix TV pilot THE FRONTIER, locations. We also worked closely with to working with you in the coming year which shot in regional Victoria; adult the City of Melbourne to develop its to build on this and bring more of comedy feature TED, which completed new fi lming guidelines, which have your ideas and stories to the screen. its VFX here; and the mini-series set a benchmark for councils across HOWZAT! KERRY PACKER’S WAR; the state. and our reputation as a fi lm-friendly city and exceptional production I wish to thank and acknowledge destination remains strong. It also the Board for their commitment and leadership throughout the year. highlights the diversity of projects Jenni Tosi I’d also like to thank the dedicated, we attract to the state. Chief Executive Offi cer hard-working staff at Film Victoria for Film Victoria We continued our work with Victorian their contribution and enthusiasm. Indigenous screen practitioners in Without them, we would not have 2011/12, partnering with the ABC and achieved these outcomes. Screen Australia to deliver the Flash Black and Call To Country series, and providing skills development opportunities through our Production Placements initiative.

ANGRY BOYS Princess Pictures AUSTRALIA ON TRIAL December Media Supported through Production Supported through PIAF and RLAF Investment and Slate Funding FILM VICTORIA OUR PROGRAMS & SERVICES 12–13 ANNUAL REPORT 2011/12 fi ve fi ction featurefi lms, witha \ support to: Investment Through our our workhereinMelbourne. the manyreasonswe’reproudof the coreofwhatwedo,andone people andbusinesses.They’reat Our programssupportprojects, created 6,662jobs. The projectswesupported spend inthepreviousyear. almost twiceourleveraged 89 percentincrease,and of thistotalspend–an We leveraged$152.7million the previousyear. a 54percentincreaseon an estimated$208.9million– Victoria in2011/12,spending commenced productionin and digitalmediaprojects A totalof73fi THE BIGPICTURE PROGRAMS OUR 11adultfi ction televisionand \ support to33localprojects. $5.8 millionininvestment That’s atotalofmorethan 12documentaryfeature,television \

total commitmentof$1,115,000 of $3,907,500 with atotalcommitment ﬁ ve children’s televisionprojects, commitment of$782,140 and onlineprojects,withatotal program wecommitted ScreenProduction– lm, television lm, DIGITAL TV FILM

LEVERAGED $3.6MILLION PROJECT BEGINNING DEVELOPMENT WHICH IN 2011/12, WE SUPPORTED 13GAMESPROJECTS AND 1 INTERACTIVE $90.1 MILLION –A46%INCREASEONTHEPREVIOUSYEAR WE SUPPORTED 28OFTHESEPROJECTS, WHICHLEVERAGED $58.9 MILLION–A276% INCREASEONTHEPREVIOUSYEAR WE SUPPORTED 13OFTHESEFILMS, LEVERAGING

$152.7m 54%

SPEND PRODUCTION OVERALL $208.9m

$80.9m 89% PRODUCTION LEVERAGED FILM VICTORIA $135.4m

IN VICTORIA TOTAL PRODUCTION EXPENDITURE BEGINNING PRODUCTION IN2011/12 NUMBER OFTVPROJECTS IN VICTORIA TOTAL PRODUCTION EXPENDITURE PRODUCTION IN2011/12 NUMBER OFFILMSBEGINNING COMMENCED PRODUCTIONS # SCREEN 57

28%28 73

2011/12 2010/11 We love to fund projects through the Magician Lucas MacGuffi n, thehe Through our Screen Business program development and production cycle. subject of Brawsome’s latest gameame we committed support to: Knowing that our end-to-end support MACGUFFIN’S CURSE, is an interestingteresting can help a project grow from an idea fellow. After bungling a robbery, he fi nds \ 15 producers through to a script to a fully-fl edged production himself trapped in a city and boundund Global Connections loans makes us feel very rewarded. Cyan to an ancient amulet. He also has the \ 10 projects and teams to Films’ 100 BLOODY ACRES is one ability to switch between human andnd attend international festivals such project. The script for this feature werewolf form. This funny, charmingg about two misguided brothers and puzzle adventure was supported \ seven companies through our their unusual fertiliser business was through Screen Development – Online program a standout from the get-go, receiving Games and released in April 2012 funding through our New Feature to excellent reviews and strong sales. Through our Screen Skills program Writers program in 2006 and Feature It also won the 2011 Freeplay Award we committed support to: Film Script Development in 2007. for Best Game Writing. In 2010 we supported the writers \ fi ve internships with a digital Colin and Cameron Cairnes to attend Through our Screen Development media company Slamdance, where the script won program we committed support to: 1st prize in the thriller/horror category \ 18 companies to deliver \ 19 fi ction projects, with a total of the festival’s screenwriting industry activities commitment of $505,458 competition. Production Investment \ fi ve production internship support followed in 2011, and in \ 23 documentary projects, with opportunities 2012 the Cairnes brothers’ debut a total commitment of $196,600 feature premiered at MIFF. \ nine placements on productions \ 13 games projects, with a total for Indigenous practitioners The opulent world of Miss Fisher fi rst commitment of $745,873 captured our attention in 2010, and We continued our focus to increase received our support from development The screen industry thrives on creativity, opportunities for Victorian Indigenous to production through Screen and it’s important to foster new ideas screen practitioners through our Development – Co-funded Television, from new talent. So we were thrilled Indigenous Initiatives. In 2011/12 we: Screen Production – Investment and to offer early-career screenwriters a our Regional Locations Assistance Fund. special development opportunity in \ Updated our development and Following the adventures of elegant 2011/12. The Catapult Concept Lab production guidelines to ensure lady sleuth Phryne Fisher and based supported 10 writers to take part in an producers consult Indigenous on the novels of Australian author intensive workshop to develop a feature communities, receive permission Kerry Greenwood, Every Cloud fi lm concept to an outline or treatment, to fi lm, include the cost of research Production’s MISS FISHER’S MURDER with the aid of experienced mentors. and consultation in their budgets MYSTERIES screened on ABCTV in Following the workshop, lab participants and acknowledge relevant 2012 and has delighted audiences got a chance to woo 22 local producers communities and individuals with its fi ne performances, dazzling at a targeted ‘speed-dating’ event. in production credits production design and faithful rendering of 1920s Melbourne. \ Partnered with the ABC and Screen Australia to deliver the Call To Country series and Screen Australia for Flash Back

\ Brokered nine skills development opportunities for Indigenous In a highly competitive screen industry, a production placement can give practitioners early-career practitioners the edge they need. Indigenous fi lmmaker Pauline Whyman spent 11 weeks with December Films’ TV series AUSTRALIA ON \ Supported the AFTRS Filmmaking TRIAL as part of our Indigenous Production Placement initiative, one of nine 101 Workshop for Indigenous skills development opportunities we supported in 2011/12. During her Director practitioners wanting to make placement Pauline read scripts, provided input into shots, liaised with the the transition to the screen industry Victorian Aboriginal community to help cast Indigenous actors, and ensured cultural sensitivities were handled with respect – all under the indispensable \ Continued to enhance the supervision of award-winning fi lmmaker Ana Kokkinos. Pauline described Indigenous section of our working with Ana as “like a masterclass, and I was the only student” and said Locations Gallery (see page 19) the placement was a progressive step that gave her a better understanding of the craft of directing. Her long-term goals are to direct a feature – perhaps one she’s developed herself – and mentor other early-career practitioners along the way. FILM VICTORIA OUR PROGRAMS & SERVICES 14–15 ANNUAL REPORT 2011/12 than 100awardnominations. won 78awardsandreceivedmore for theirwork.Projectswesupported productions and practitioners recognised We’re alwaysdelighted toseeVictorian (see page18). Games Masters:TheForum Tropfest, LittleBigShots Festival, StKildaFilm the we supportedin2011/12,including engaged inscreencultureactivities More than4.5millionpeople the world. content andculturefromaround local audienceswithdiversescreen events andorganisationstoengage Each yearwesupportarangeof homegrown projectswechampion. with screencontent,it’s notjustthe But whenitcomestoengaging views in2011/12. 64 millionAustralian we supportedreceived and televisionprojects content onscreen–fi watching andlovinglocal big widelandofoursare A lotofpeopleinthis WE LOVE ANAUDIENCE Melbourne InternationalFilm

and

lm 100 AWARD NOMINATIONS RECEIVED…AND MORETHAN WON 78AWARDS… PROJECTS WESUPPORTED ACTIVITIES WESUPPORTED IN2011/12 ENGAGED INSCREEN CULTURE MORE THAN4.5MILLIONPEOPLE 4.5M 78 When a TV series strikes a chord It’s one (excellent) thing for a with viewers, one season is never production to perform well here enough. In 2011/12 we were thrilled at home but many of the projects to support subsequent seasons of we’ve supported are also being sold great local productions, including internationally. Local drama series ActiveTV’s PRANK PATROL 3, Werner THE SLAP, MISS FISHER’S MURDER Films’ DANCE ACADEMY 3, Southern MYSTERIES, and OFFSPRING; Star Entertainment’s OFFSRPING 3 documentaries KOKODA, CATCHING and Matchbox Pictures’ ANATOMY 4 CANCER and OUT OF THE ASHES (see below). We love that these shows and feature ﬁ lm SOUTH SOLITARY are so diverse, but they share a few are just a sample of productions that characteristics too – they’re popular, have sold overseas, demonstrating engaging and very well executed. that Melbourne is home to exceptional content with worldwide appeal. We’ve supported all four series of Matchbox Pictures’ ANATOMY, THE SLAP is one of those TV series a multi-award winning documentary everyone talks about. Bold and series exploring the human body and provocative, the eight-part drama how it drives the creative process. Each from Matchbox Pictures, based on the ﬁ lm in this series is thematically linked Christos Tsiolkas novel averaged close but also a complete story in itself – to a million metro viewers for each sometimes shocking, sometimes funny, episode on ABC1, with hundreds sometimes moving and often all three. of thousands more tuning in for the Series 3 screened on ABCTV second broadcast or catching up in 2011/12. online. It has since aired in the United Kingdom, the United States and Canada among other territories and has picked up a swag of awards, including Best Telefeature, Mini Series or Short Run Series, Best Director and Best Screenplay at the AACTA Awards and Most Outstanding Drama Series, Miniseries or Telemovie at the Logies. We supported the series through our Production Investment program.

PRANK PATROL – SERIES 3 activeTV Australia Supported through Production Investment

THE SLAP Matchbox Pictures Supported through Production Investment FILM VICTORIA OUR PROGRAMS & SERVICES 16–17 ANNUAL REPORT 2011/12 remains strong. production destination friendly stateandexceptional Victoria’s statusasaﬁ economic environment, Despite thechallenging PRODUCTIONS

Awesome sets, crazy stunts, big-name actors and frenzied activity for many local crew and technicians marked the ﬁ lming of Hopscotch Features and Lakeshore Entertainment’s I, Docklands Studios Melbourne and various locations around the city in early 2012. Victoria secured the major production, featuring Aaron Eckhart in the title role, despite strong competition from other states. This created around 500 jobs for cast and crew, provided signiﬁ cant opportunities for local technicians to build their skills, and supported several small businesses. MELBOURNE lm-

FRANKENSTEIN at AFTER EARTH World SeriesCricket. Kerry Packer’s TV mini-seriesdramatising deepest point. record-breaking solodivetotheEarth’s James Cameron’s 3Dfeatureabouthis Wight ExpeditionFilms THE DEEPSEACHALLENGE force humanity’s escapefromEarth. set 1,000yearsaftercataclysmicevents M. NightShyamalan’s newsciﬁ feature Columbia Pictures Southern StarEntertainment HOWZAT! KERRY PACKER’S WAR in 2011/12includes: Investment AttractionProgram(PIAF) work securedthroughour Production andpost-production productions. enabled ustosecureseveralfootloose and ﬁ lm commissionserviceshave studios andfacilities,ourincentives practitioners, Melbourne’s top-notch The reputationofVictoria’s revolutionary Production

KILLER ELITE Omnilab Media Supported through PIAF and RLAF THE FRONTIER Japan asawarcriminal. wanted tochargetheEmperorof at theendofwar, whentheallies Japanese featureﬁ lm set in Tokyo Fellers FilmLLC EMPEROR villain, greattrainrobberRonaldBiggs. woman behindBritain’s mostfamous TV mini-seriesco-productionaboutthe December MediaandITVGStudios MRS BIGGS magazine warsofthe1990sinSydney. this mini-seriesexplorestheglossy PAPER GIANTS:THEBIRTH OFCLEO, A follow-upto2011’s successful Southern StarEntertainment PAPER GIANTS:THEMAGAZINEWARS the 1840s. for themselvesonthePaciﬁ c coastin women determinedtobuildnewlives the journeyofagroupmenand TV Pilotforaserieschronicling Sony PicturesTelevision

THE EYE OF THE STORM Paper Bark Films Supported through PIAF Some of these projects have Four of the feature fi lms we supported commenced production while others through our Production Investment VICTORIAN VFX are yet to start, but the potential Attraction Fund (PIAF) were released in BREATHES LIFE economic benefi t of attracting these Australian cinemas in the second half INTO TED productions speaks volumes – of 2012. THE EYE OF THE STORM, combined, they’re expected to spend THE CUP, KILLER ELITE and DON’T So you need a smoking, swearing, around $53.2 million in Victoria. BE AFRAID OF THE DARK were all fl irty, naughty animated teddy bear shot in Melbourne and generated for your feature fi lm? No problem. There’s big love for regional Victoria, expenditure of around $77 million TED, a comedy about a man and too – we supported eight projects that in Victoria. Supporting a diverse his childhood teddy bear from commenced production in 2011/12 range of productions has signifi cant award-winning US writer, producer through our Regional Locations economic benefi ts for the state, as and comedian Seth MacFarlane Assistance Fund (RLAF). As a result, well as employment opportunities and was supported through our they spent an estimated $2.3 million support for local businesses – these four Production Investment Attraction and created more than 800 jobs in fi lms alone created around 1,200 job Fund (Post Production, Digital and Victorian regional communities. opportunities for local practitioners. Visual Effects) and brought to life by the talented local visual effects artists at Iloura. The Media Rights Capital fi lm stars Mark Wahlberg, Mila Kunis and Giovanni Ribisi and clocked more than $280 million at the worldwide box offi ce in the two months after its June release.

1,2 2 2

4 8 4 6 3 3 88 8 3,8,5 5 7 5 1 7 FILM VICTORIA OUR PROGRAMS & SERVICES 18–19 ANNUAL REPORT 2011/12 with morethan150peopleattending. networking eventwasagreatsuccess, get toknoweachother. OurApril2012 television producerstoshareideasand makers inaroomwithourtalentedlocal each yeartoputthesekeydecision- the weekend,wejumpatchance broadcasting executivesintownfor place. WithsomanySydney-based but equallyimportanthappeningtakes of theawards,anotherlesswell-known annual eventscalendar. Butontheeve special placeinthescreenindustry’s the awards andrecognitionceremony, As Australiantelevision’s premiere in theMasterpiecesseries. the fi rst locally-curatedexhibition Masterpieces exhibition to the2012MelbourneWinter was alsoafiIt developers. start tting and new connections forlocalgames plenty of inspiration out andprovided Game Masters:The Forum developers. The two-day symposium experiences andsecretswithlocal Spector –toMelbournesharetheir including Tim SchaferandWarren infl uential gamesdevelopers– to In JunewepartneredwithACMI EQUALLY IMPORTANT. PROVIDE THEINDUSTRY ARE ACTIVITIES, THESERVICES WE THE CORE OFFILMVICTORIA’S WHILE OURPROGRAMS AREAT SERVICES OUR

bring someoftheworld’s most TV Week Logie Awards Game Masters holda

was a sell- was a , in 2011/12–theinaugural commitments forthescreenindustry Government’s keyelection We achievedoneoftheVictorian admissions overthe12-dayevent. organisers recordedmorethan15,000 special guestsatopeningnight,and director KunalKohli;andotherswere superstar ShahidKapoor;producer/ goddess, PriyankaChopra;Bollywood industry. FormerMissWorld andscreen depth anddiversityoftheIndianfi lm short fi lm competitiontoshowcasethe Q&A sessions,paneldiscussionsanda than 40Indianfi lms, masterclasses, delivered afantasticprogramofmore organisers MindBlowingFilms Film FestivalofMelbourne. Festival Indian beautiful partnerships. we thinkthisisthestartofsome since itslaunchinFebruary2012, practitioners registeredon With nearly100international and jointventureactivityinVictoria. practitioners toincreaseco-production by introducingthemtointernational better, screen industry. LikeRSVPbut and producerswiththeinternational to connectVictorianwriters,directors we launchedanewonlinedatabase a productiondestination,in2011/12 promote MelbourneandVictoriaas As partofouroverallstrategyto production activityinVictoria. partnerships tomaintainoffshore co-productions andjointventure has highlightedtheimportanceof increasingly competitiveglobalmarket A strongAustraliandollarand eMate promoteslocaltalent eMate

We work closely with industry, other As the agency responsible for promoting Filmmakers have benefi ted from our government agencies and local councils Victoria as a fi lm friendly location to online Locations Gallery for many years. to preserve Victoria’s reputation as a increase production activity in the state, With more than 10,000 unique visitors production hub, and ensure local and we service the local industry and attract and 94,000 page views in 2011/12 visiting fi lmmakers have a consistently footloose productions to Melbourne. alone, the gallery is a popular resource positive experience while fi lming for the fi lmmakers and location here. In 2011/12 we delivered several Pitching to secure footloose productions managers who browse through more signifi cant pieces of work to help for the state is one of our core services. than 37,000 images of Melbourne and achieve this goal: It’s often the fi rst opportunity we have Victoria. Recent enhancements include to showcase Victoria to a client. a frequently updated section providing \ We developed and launched the In 2011/12 we: information on fi lming in areas of Victorian Screen Industry Code cultural signifi cance to the Aboriginal \ Pitched for 71 potential projects of Conduct, a comprehensive and people of Victoria. practical tool designed to benefi t for Victoria the industry and safeguard locations In 2011/12 we also introduced our \ Continued to track and work against the impact of fi lming activity. Image Lounge, a new way of delivering with 19 existing projects Developed in consultation with location images and information to agencies, guilds, organisations and \ Dispatched more than 1,200 our clients. This custom-built system local governments, the code brings customised image galleries to clients is cutting edge and unlike any other together the various elements of tool used by screen agencies or fi lm fi lming regulation and process in one \ Hosted 16 ‘inbound visits’ – that is, commissions in the world. document to simplify, support and a group of clients interested in promote the work of the Victorian seeing specifi c Victorian locations screen production community. and facilities for the purpose of producing a project here. \ We worked closely with the City of Melbourne to develop its new fi lm guidelines, A World of Locations: A Filming Guide to Melbourne, which have set a benchmark for councils across the state.

\ We’ve commenced work on a Victoria-wide review of fi lm permit processes across local and state governments, with the aim of streamlining processes for granting fi lm production permits and reducing red tape for fi lmmakers.

We coordinated the itinerary – which included the conference, tours of facilities and meetings with Indian producers – and supported delegates through grants India is one of the largest ﬁ lm production to cover costs associated with the trip. destinations in the world. In the last 10 In the next phase, to take place in 2012/13, years the industry has released more we’ll support Victoraian companies to develop a project as a joint venture with INDIAN FILM FESTIVAL OF MELBOURNE than 1,000 ﬁ lms and generated around 3 billion cinema admissions. In 2011/12 an India-based production company. we developed a new initiative to foster

relationships and encourage partnerships between the Victorian and Indian fi lm and television Victoria-Indiaindustries. For Co-production the fi rst phase of the, we led a delegation of nine Initiative Victorian screen practitioners to Mumbai, India, to attend the Federation of Indian Chambers of Commerce and Industry (FICCI) Frames Conference – one of the most noteworthy media and entertainment sector trade events in India. FILM VICTORIA DISCLOSURE OF PAYMENTS 20–21 ANNUAL REPORT 2011/12 or peoplethroughourfundingprograms. a portionofthefullamountcommittedtoprojects,businesses 2011/12 fi nancial yearand mayinsomecasesrepresentonly The followingisalistofindividualpaymentsmadeinthe OF PAYMENTS DISCLOSURE RJC OPN/ESNPAYMENTS 2011/12 COMPANY/PERSON SCREEN DEVELOPMENT PROGRAMS ANDINITIATIVES PROJECT iteLnhGitil $20,000 $11,835 $31,000 $6,840 $2,800 $20,000 $23,000 $6,000 $21,125 $27,032 $10,000 Gristmill $22,250 PorchlightFilms $29,000 MediaWorld Holdings $24,000 ArenaMedia $8,400 GhostPictures BurberryEntertainment StudioMoshi Boilermaker –BurberryEntertainment EmuCreekPictures $9,625 $40,850 StoryboxFilms $16,575 $21,450 RogueProductions Maxo$35,000 Total FictionDevelopment $10,000 $29,500 Little Lunch $23,075 403Productions Laid Series3 $6,000 $6,000 3DFilms $11,450 $7,875 Small Time GangsterSeries2 Dead GorgeousSeries2 3MonkeyFilms $1,200 Off theMap $5,375 $33,350 The Athletes Yaman Films $16,000 $1,200 GeckoFilms&Circe El Mariachi $10,400 DanielDubiecki&Torus Tammer Kooks CarolineWaters $4,550 Made InThailand Piccolo AquariusFilms Blood Borne CamEason Resistance Kmunications GeoffreyWright Horrendo’s Curse ClanalpineFilms My StrangePet Arranged Mondayitis FilmCamp MelodramaPictures Boilermaker Driving BackFromDubbo Breakable CaravelPictures FilmArtMedia Carry MeDown CirceFilms The FemaleFactory JaneSays PuffafiUndercover sh True LoveCommandos Turnstile4 Yester Damon An OddballSolution Australian Gothic Jack ofAllTrades By AnyOtherName Cash Machine Sick Puppy The Dressmaker Straw Men The Butterfl y Ball Cherry Bomb Mutt Come Back Fiction Development FICTION DEVELOPMENT ANDINITIATIVES $552,757 PROJECT COMPANY/PERSON PAYMENTS 2011/12 FICTION SPECIAL INITIATIVES – CONSULTS, FELLOWSHIPS, SEMINARS AND EVENTS Matt Hearn to LA. International Co-Production Showcase 403 Productions $100 Romeo & Cheryl Roger Monk $29,000 The Cloudchasers David Richardson $6,000 The Girls Jason Byrne Productions $2,400 Piano Lessons Zizani Films $42,750 National Screenwriters Conference 2013 Australian Writers Guild $85,000 Total Fiction Special Initiatives $165,250 TOTAL FICTION DEVELOPMENT AND INITIATIVES $718,007

DOCUMENTARY DEVELOPMENT The Martin Grant Project Ghost Pictures $3,000 The Beer Detective Fair Trade Films $2,625 Concrete: An Australian Love Affair Storybox Films $1,925 Happy Campers Moppet Mode $2,800 What Makes us Human Freehand Productions $3,500 Barefoot Microlite Odyssey Intafusion Films $2,100 Kicking Fields Brian Hoare & Associates $1,750 The Call of the Horn Flying Fish Films $1,925 She’s Making My Baby Heydon Films $10,850 Silent War Carlyon-Miller Productions $4,080 Emotional Striptease Endangered Pictures $3,250 Clean-bowled, Bradman Arcimedia $5,000 An Unnatural Life Savage Films $3,250 The Brawler Flood Projects $3,250 The Peacemaker B.C Callow and S.B Wright $3,250 Megacorp Renegade Films Australia $7,500 2012: The Party at the End of the Universe Michele Armstrong $7,000 The Art of Listening Rachael Thompson $3,850 Love and Devotion Stella Motion Pictures $4,025 Where Do the Rabbits Go Ghost Pictures $13,000 A Place to Call Home Licketty Split $3,500 John and Tim Waterbyrd Filmz $13,500 Love and Fury Early Works $3,500 Rewriting History B-M Film and Productions & Tattooed Media $10,000 Ten Years On Flying Carpet Films $1,750 A History of Mining Renegade Films Australia $25,000 A Filmmakers’ Cinema BIC Productions $14,300 Journey To Nowhere! Robyn Hughan $13,300 The Long Road Home Shannon Owen $6,825 Wilfred Burchett: Rebel with a Cause Flaming Star Films $15,000 FILM VICTORIA DISCLOSURE OF PAYMENTS 22–23 ANNUAL REPORT 2011/12 hldmd’ otBbe 6 ereFls$9,000 $10,000 PAYMENTS 2011/12 $6,750 COMPANY/PERSON 360DegreeFilms PlusOneProduction DIGITAL MEDIADEVELOPMENT ANDINITIATIVES MoppetMode TOTAL DOCUMENTARY DEVELOPMENT Neon Lawrence Thalidomide’s LostBabies Dear Dirt–MumSaysICan’tPlayWithYou NoMore $4,000 The LegacyProject PROJECT Johnston DIGITAL MEDIASCOPING rsnasTmSoe&JcsnCsiloe$1,250 Tim Stone&JacksonCastiglione Total DigitalMediaScoping PrisonPals al tatCmbl $12,000 $10,000 $8,612 StuartCampbell PurePictures DesuraNet$34,000 EndgameStudios Total DigitalMediaPrototyping Nawlz Live Desura Snap! Sorcery DIGITAL MEDIAPROTOTYPING pitCr i n tdo $25,000 $75,000 $21,000 $70,000 $23,700 $32,625 $65,000 $4,000 $16,000 $25,000 BigAntStudios $19,000 IdealLeague JosephWintergreen-Arthur $18,200 LewisMitchell CheckboxStudios $75,000 $40,000 $17,400 Tantalus $75,000 $50,000 SpeakfortheDeadProductions Bulpadok GregoryPSharp CurrentCircus Total Tin GamesDevelopment ManGames MillipedeCreativeDevelopment Sprint Cars Fanstand IndustrialBrothersOperations Man inaMaze Brawsome BigAntStudios WickedWitchSoftware InFlux Blastpoints ChrisWatts Speak fortheDead Pony Farm Market Garden Groome Me Gamebook Adventures Bullistic Unleashed Beatbooster Beast FarmerRanch MacGufﬁ n’sCurse Table Top Cricket Rugby Union Puzzle Treasure GAMES DEVELOPMENT DOWNLOADABLE GAMESINITIATIVE lcrisSotAho $40,000 $1,700,149 ScottAshton TOTAL SCREENDEVELOPMENT PROGRAMSANDINITIATIVES TOTAL DIGITAL DEVELOPMENTANDINITIATIVES Total DownloadableGamesInitiative Electroids $651,925 $224,355 $757,787 $64,612 $40,000 $1,250 PROJECT COMPANY/PERSON PAYMENTS 2011/12 SCREEN SKILLS PROGRAMS AND INITIATIVES INTERNSHIPS Phoebe Hartley Fremantle Media Australia $1,211 Ariel Parisi December Films $7,569 Kylie Plunkett Southern Star Productions $1,699 Shelley Dresden Shezow Productions $1,568 Meg Courtney Miss Fisher’s Murder Mysteries $1,320 Amelia De Rauch Southern Star No.5 $4,840 Demos Karkazis December Films $931 Dan Beck Miss Fisher’s Murder Mysteries $6,372 Esther Justin Miss Fisher’s Murder Mysteries $5,471 Tamara Dennett Southern Star Productions $2,478 Nicci Dillon High Wire Films $5,232 Kishani Selvadurai Renegade Films Australia $4,776 Nora Niasari Genepool Productions $6,738 Alexander Tulloh VastPark $2,911 Mark Quenault Complete Post Australia $9,035 Drewe Clarke Iloura (Omnilab Media Melbourne) $9,479 Peter Allen Iloura (Omnilab Media Melbourne) $9,479 Cal Ferguson Helgonet Unit Trust $9,035 Amy Alexander Chocolate Liberation Front $4,860 David Bennett Complete Post Australia $4,077 Lisa Cope Visual Playground $4,536 Laura Ogeil Tilt Creative $4,240 Joshua Tusjak Media Saints $4,119 Total Internships $111,976

INDIGENOUS PLACEMENTS Tracey Rigney (Production Placement) Hansom Cab Productions $1,294 Pauline Whyman (Industry Placement) December Films $19,327 Nikki Ashby (Industry Placement) Renegade Films $10,560 Simon Rose (Industry Placement) Every Cloud Productions $19,954 Total Indigenous Placements $51,135

INDUSTRY ACTIVITIES Script Alive Cinema Nova Joint Venture $4,188 Victorian Mentorship Program Australian Writers Guild $1,300 AWG Victorian Branch Professional Development Program Australian Writers Guild $1,000 SPAA Conference 2011 Screen Producers Association of Australia (SPAA) $5,000 Film & Television Graduating Students Awards 2011 The University of Melbourne $3,000 Screen Futures Industry Innovation Education ATOM (Australian Teachers Of Media ) $5,000 Natalie Miller Fellowship Natalie Miller Fellowship Fund Trust $20,000 Open Channel 2010/11 Open Channel Co-operative Ltd $60,000 FILM VICTORIA DISCLOSURE OF PAYMENTS 24–25 ANNUAL REPORT 2011/12 otbeTlsPral utainPL$2,500 $7,500 $4,000 PAYMENTS 2011/12 PortableAustralianP/L $10,000 $4,000 $150,000 $8,000 JeffGomez COMPANY/PERSON $15,000 OpenChannelCo-operativeLtd AustralianWritersGuild InputInternationalTelevision OpenChannelCo-operativeLtd Conference AustralianDirectorsGuild Total IndustryActivities AustralianInternationalDocumentaryConference Portable Talks X MediaLab–JeffGomezMasterclass 2012 AustralianInternationalDocumentaryConference Input InternationalTelevision Conference Pathways andSpeedDatingEvent 2012 AustralianDirectorsGuildAwards Home isWheretheHall Open Channel2011/12 PROJECT i ihrsAad21 ate al$5,000 $5,000 $503,099 $5,000 $5,000 $5,000 $7,500 $7,000 MatthewHall ATOM (AustralianTeachers OfMedia) TheVoxel Agents ShaunGrant SophieByrne ATOM (AustralianTeachers OfMedia) SCREEN BUSINESSPROGRAMS ANDINITIATIVES TOTAL SKILLSDEVELOPMENTPROGRAMSANDINITIATIVES AustralianWritersGuild Total Awards Tim RichardsAward 2011 Tim RichardsAward 2010 Atom Awards 2012 Greg Tepper Award 2011 Greg Tepper Award 2010 The 44thAnnualAwgie Awards 2011 Atom Awards 2011 INDUSTRY AWARDS ri ri ri ri $3,000 $3,000 $1,900 $3,150 $3,450 $2,550 $5,000 $3,600 $5,000 $1,113 Waterbyrd Filmz $1,250 MarisaBrown CraigIrvin RamonaTelecican DaybreakFilms DavidEasteal FredSchepisi MarekPolgar AmielCourtin-Wilson TheLampshadeCollective KasimirBurges Total InternationalFestivalAttendance Nickolas Bird Marisa Brown Craig Irvin Andrew Kavanagh Natasha Gadd David Easteal Fred Schepisi Amiel Courtin-Wilson Marek Polgar Katrina Mathers Kasimir Burgess INTERNATIONAL FESTIVALS oyWih eebrFls $8,000 $270 $1,594 $5,000 $4,056 DecemberFilms FlamingStarFilms PeterGeorge RubyEntertainment Rogue Productions David RapseyandGlendaHambly Tony Wright Sharyn Prentice Peter George Stephen Luby GLOBAL CONNECTIONS (INCLSPECIAL INITIATIVES FORTRAVEL) $300,488 $39,500 $33,013 PROJECT COMPANY/PERSON PAYMENTS 2011/12 Alkinos Tsilimidos Resuced Films $4,500 Sue Maslin Film Art Media $2,800 Joel Kohn Kidmogul Films $5,500 Gian Christian & Dina McPherson Galaxy Pop $5,500 Stephen Amis Revolution Pictures $5,000 Robert Galinsky & Elizabeth Howatt Top Cat Media $5,000 Robert de Young Lowlands Media $5,552 Sally Ingleton 360 Degree Films $6,000 Jason Byrne Jason Byrne Productions $5,000 John Lewis Arcimedia $4,500 Amanda Peppard ActiveTV $4,400 Producers Showcase Registration Producers Guild of America $2,411 Dominic Allen Camera Club $5,500 Steve Kearney Mini Stdio $4,400 Mark Ruse Ruby Entertainment $5,962 Total Global Connections $90,945

ONLINE Arenamedia Arenamedia $10,000 ATOM VIC Inc ATOM (Australian Teachers Of Media) $7,650 Bubbler Interactive Bubbler Interactive $10,000 December Films December Films $10,000 Film Art Media Film Art Media $10,000 ScreenClass ScreenClass $8,000 Moppet Mode Moppet Mode $8,000 Mutiny Media Mutiny Media $9,965 The Picture Tank The Picture Tank $8,000 360 Degree Films 360 Degree Films $8,000 Film Camp Film Camp $8,000 Ghost Pictures Ghost Pictures $8,000 John Moore Productions John Moore Productions $8,000 Moonshine Agency Moonshine Agency $8,000 Total Online $121,615

CROSS PLATFORM DEVELOPMENT Weird and Wonderful – Fertile Films $2,000 The Rise and Fight of the Disability Rights Movement Total Cross Platform Development $2,000

PRODUCER SUPPORT Richard Lowenstein, Lynn-Maree Milburn & Andrew De Groot Ghost Pictures $7,000 Greg McLean Emu Creek Pictures $22,000 Sue Maslin & Daryl Dellora Film Art Media $10,000 Jim Shomos Let’s Talk $5,000 FILM VICTORIA DISCLOSURE OF PAYMENTS 26–27 ANNUAL REPORT 2011/12 dmElo Aa litPcue $50,000 $72,000 $90,000 $45,000 PAYMENTS 2011/12 $15,000 $60,000 $72,000 AdamElliotPictures PointBlankPictures COMPANY/PERSON FairTrade Films Boilmaker MediaWorld Holdings FGFilmProductions StudioMoshi Total ProducerSupport Adam Elliot Colin South,RossHutchens&JudyMalmgren Luigi Acquisto&StellaZammataro Gareth Calverley&AndrewMcInally Antony IGinnane&MichaelRoseby Craig Monahan Andrew Davies&MichaelAmos PROJECT eebrFls eebrFls $80,000 $130,000 $20,000 $79,620 DecemberFilms MoodyStreetKids RubyEntertainment PericlesFilmProductions Total SlateFunding December Films Moody StreetKids Pericles FilmProductions Ruby Entertainment SLATE FUNDING BUSINESS PROGRAMS –SPECIAL INITIATIVE oe aaeSud m $5,000 $4,524 $5,000 $4,500 $5,000 $4,500 $5,000 $5,000 $5,000 Werner FilmProduct Soundﬁ rm MoodyStreetKids RobynKershawProductions Marshalls&Dent $54,000 InstinctIndia GShiff&Company DeluxeMelbourne PRODUCTION INVESTMENTANDPRODUCTION INITIATIVES CompletePost TOTAL BUSINESSPROGRAMSANDINITIATIVES Total IndiaDelegation Joanne Werner Roger Savage Robyn Kershaw Gillian Carr Bryce Menzies David Redman Julia Adams AFTRS Ian Anderson Chris Schwarze ATTENDANCE AT 2012 VICTORIA INDIACO-PRODUCTION DELEGATION Total BusinessPrograms–SpecialInitiative AFTRS CreativeEnterpriseCourse2011 alFodPoet $2,500 $435,000 $1,000 $170,000 $95,000 $3,875 FloodProjects SaveYour Legs FGFilmProductions CirceFilms SurvivingGeorgia CyanFilms Total FictionFeatureFilm Save Your Legs Hail Last Dance Surviving Georgia 100 BloodyAcres X FICTION FEATURE FILM $1,102,718 $309,620 $707,375 $448,000 $43,524 $54,000 PROJECT COMPANY/PERSON PAYMENTS 2011/12 TV FICTION Woodley Bucket Tree $19,123 Twentysomething Hire Wire Films $4,022 Rush Series 4 Southern Star Entertainment $182,000 Miss Fisher’s Murder Mysteries Every Cloud Productions $300,000 Offspring Series 2 Southern Star Entertainment $23,750 Beaconsﬁ eld Southern Star Entertainment $350,000 Lowdown Series 2 Hire Wire Films $319,000 Jack Irish Essential Media and Entertainment $407,385 Laid Series 2 Porchlight Films $200,000 Offspring Series 3 Southern Star Entertainment $285,000 Cliffy Clock End Films $135,000 The Dr. Blake Mysteries January Productions $259,200 Homicide Franchise Eclipse Films $115,200 Mystery of a Hansom Cab Burberry Entertainment $199,500 Underground Underground Productions $167,250 Prank Patrol Series 2 ActiveTV $12,800 Dance Academy Series 2 McMicking Werner $30,000 Shezow Moody Street Kids $395,000 Prank Patrol Series 3 ActiveTV $240,000 The Flamin’ Thongs Media World Holdings $93,750 FLEA-BITTEN! Moody Street Kids $10,000 Lowdown Lowdown TV $5,000 Killing Time FremantleMedia $12,500 Outland Princess Pictures $6,625 The Slap Matchbox Pictures $25,000 Total TV Fiction $3,797,105

DOCUMENTARY FEATURES AND TV Machete Maidens Unleashed! Bionic Boy Productions $3,000 The First Interview Jungle Pictures $1,000 Ballroom Rules Waterbyrd Filmz $3,500 Life Architecturally Paalma $3,260 Judith Lucy’s Spiritual Journey Bearded Lady Productions $8,514 Miss South Sudan Australia Matchbox Pictures $2,000 Trafﬁ cked – The Reckoning Fairtrade Films $3,194 Kapyong Kapyong $4,500 Mad as Hell: The Peter Finch Story Lowlands Media $22,500 Utopia Girls Renegade Films $3,650 Autoluminescent – Rowland S Howard Ghost Pictures $21,000 Australia on Trial December Films $127,099 Sporting Nation Sporting Nation Holdings $159,250 Anatomy Series 3 Matchbox Pictures $46,675 FILM VICTORIA DISCLOSURE OF PAYMENTS 28–29 ANNUAL REPORT 2011/12 e e:CthM ies Fl ap $8,400 $17,500 $2,200 $50,000 $56,000 $51,766 $170,000 $56,500 $24,000 $39,000 PAYMENTS 2011/12 360DegreeFilms FilmCamp MatchboxPictures Daybreak Films JohnMooreProductions RenegadeFilms SuitcaseMurphy CirceFilms COMPANY/PERSON RebelFilms Tamarind Tree Pictures Total DocumentaryFeaturesandTV Ben Lee:CatchMyDisease Murundak: SongsofFreedom Possum Wars Anatomy Series4 Gallipoli FromAbove Australian Encounters History ofMining Triangle Wars Then theWindChanged Croker IslandExodus PROJECT odradCooaeLbrto rn $41,500 $2,500 ChocolateLiberationFront ChocolateLiberationFront Total InteractiveContent Wonderland The MulticulturalHistoryPortal INTERACTIVE CONTENT INDIGENOUS PRODUCTION GRANT h utrBonCbPoutos$19,000 BrownCabProductions PROPELLER SHORTS/SHORT FILMFUND Total IndigenousProductionGrant The Hunter pdrWl nrwCry$10,000 $10,700 $12,000 $941 $1,000 AndrewCurry JanineBarnes PollyStaniford AshleyHarris&CraigIrvin PatrickSarrell TOTAL PRODUCTIONINVESTMENT Total PropellerShorts/ShortFilmFund Spider Walk Golden Girl The Rat Tethered Nullabor CASH FLOW FACILITY tpaGrsUoi il $45,445 UtopiaGirls TOTAL CASHFLOWFACILITY Total CashFlowFacility Utopia Girls $5,486,629 $884,508 $44,000 $19,000 $34,641 $45,445 $45,445 PROJECT COMPANY/PERSON PAYMENTS 2011/12 SCREEN ENGAGEMENT PROGRAM AUDIENCE ACCESS The Melbourne Cinematheque 2011 The Melbourne Cinematheque Inc $2,000 Little Big Shots 2011 Petite Grande Kaboom Ltd $2,000 Metro Magazine and Study Guides 2011 ATOM (Australian Teachers of Media) $2,500 Sense of Cinema 2011 Senses of Cinema Inc $5,000 Little Big Shots 2012 Little Big Shots International Festival for Kids $8,000 The Melbourne Cinematheque 2012 The Melbourne Cinematheque $8,000 Metro Magazine and Study Guides 2012 ATOM (Australian Teachers of Media) $7,500 The Other Film Festival 2012 Arts Access Victoria $12,000 Tropfest Melbourne 2012 Wonderland Music $10,000 Experimenta 2011 Experimenta Media Arts $45,000 Portable Film Festival 2011 Portable Australia $3,000 Freeplay Independent Games Festival Freeplay Inc. $12,000 Total Audience Access $117,000

REGIONAL ACCESS The Warrambeen Film Festival 2012 The Warrambeen Film Festival $5,000 Total Regional Access $5,000

SCREEN ORGANISATIONAL FUNDING MIFF 2010/11 Melbourne International Film Festival $389,000 MIFF 2011/12 Melbourne International Film Festival $1,175,000 St Kilda Film Festival 2010 St Kilda Film Festival $5,000 St Kilda Film Festival 2011 St Kilda Film Festival $35,000 ACTF Grant 2011–2014 Aust Childrens TV Foundation $300,000 St Kilda Film Festival 2012 St Kilda Film Festival $20,000 Indian Film Festival of Melbourne Mind Blowing Films $135,000 Total Screen Organisational Funding $2,059,000 TOTAL SCREEN ENGAGEMENT PROGRAM $2,181,000

INCENTIVES Production Investment Attraction Fund (PIAF) $3,743,200 Regional Victoria Location Assistance Fund (RLAF) $212,350 TOTAL INCENTIVES $3,955,550

TOTAL PAYMENTS $14,974,589 FILM VICTORIA REPORT OF OPERATIONS 30–31 ANNUAL REPORT 2011/12 the 2011/2012reportingperiodare: performance outputswithassociatedtargets.Resultsfor We reporttogovernment onaseriesofbudgetaryand AND PERFORMANCEAGAINST OBJECTIVES OPERATIONAL ANDBUDGETARY OBJECTIVES 23 August2012 Melbourne Film Victoria Chief ExecutiveOffi cer Jenni Tosi for theyearending30June2012. I ampleasedtopresenttheAnnualReportforFilmVictoria In accordancewiththe ACCOUNTABLE OFFICER’S DECLARATION 2011/2012 REPORT OFOPERATIONS Film Victoria content supportedby Australian viewsofscreen by leveragedproductions opportunities created Actual employment production supported byFilmVictoria and newmediaproduction Value offi lm, television Financial ManagementAct1994 millions of viewsin number or contract) (p/time, f/time opportunities actual job $ million AGTACTUAL TARGET 00 152.70 80.00 406,672 2400 064 70 , 24 episodetelevisionserieswepreviouslysupported. fi lms releasedattheboxoffi ce andtheconclusionofa anticipated, duetoanoveralldecreaseinsupportedfeature The numberofAustralianviewscontentwaslowerthan production I,FRANKENSTIEN. commencing production,includinginternational There wasalsobenefi t tothe Statefromfeaturefi lms Series 3,OFFSPRING3andTIMEOFOURLIVES. THE DR.BLAKEMYSTERIES,JACKIRISH,PRANKPATROL production, includingMISSFISHER’SMURDERMYSTERIES, budget multipleepisodetelevisionprojectsthatcommenced was particularlyhighduetothenumberoflarger Thevalueofproductionandemploymentfi gures in2011/12 ACHIEVEMENT OFOBJECTIVES CHANGESORFACTORSMAJOR AFFECTING FIVE YEAR FINANCIAL SUMMARY

FINANCIAL REVIEW OF OPERATIONS AND FINANCIAL CONDITION

30-JUN-12 30-JUN-11 30-JUN-10 30-JUN-09 30-JUN-08 $$$ $$ Revenue from Government 17,541,463 22,416,426 20,809,000 20,730,000 19,222,767 Other revenue 2,919,970 3,050,564 3,094,923 3,894,517 4,270,623 Total revenue 20,461,433 25,466,990 23,903,923 24,624,517 23,493,390 Total project costs 15,547,946 17,903,124 15,522,408 19,489,258 15,436,984 Net operating result (2,083,022) (253,275) 1,290,956 (1,295,603) 2,477,201 Net cash ﬂ ow 1,289,711 4,486,077 (606,426) (2,346,777) 617,013 Total assets 32,552,887 34,567,501 34,624,312 33,306,060 34,407,233 Total liabilities 1,051,445 983,035 786,572 759,276 564,847

ALLOCATION OF CASH ASSETS Outstanding commitments (1) 20,298,110 20,579,849 18,595,276 16,627,595 16,917,095 Commitment to industry development (2,830,757) (932,804) 978,023 4,716,497 1,232,182 Cash Flow Facility funds 14,383,277 10,913,873 6,501,542 5,337,177 10,878,769 Total cash assets 31,850,630 30,560,918 26,074,841 26,681,269 29,028,046

Receivables – including Producer Loans 499,356 3,549,970 8,040,846 5,966,300 4,710,267 Property, Plant and Equipment 202,901 456,613 508,625 658,491 668,920 Total non-cash assets 702,257 4,006,583 8,549,471 6,624,791 5,379,187

Total Assets 32,552,887 34,567,501 34,624,312 33,306,060 34,407,233

(1) Commitments for 2011–12 include GST. Previous years exclude GST. FILM VICTORIA REPORT OF OPERATIONS 32–33 ANNUAL REPORT 2011/12 FilmVictoriaisrequiredtorecognise allgovernment \ These timingfactorsareoutlinedbelow. Timing factorsinfl uence howourfi nances arereported. NET OPERATING RESULT programs duringthefi nancial year. as withpreviousyears,aredirectedbackintovarious increase inprogramrecoupments.Theserecoupments, a slightdecreaseininterestrevenuebeingoffsetbyan Other revenuein2011/12issimilartopreviousyearswith OTHER REVENUE for programfundingin2010/11notreceived2011/12. received in2010/11,andadditionalone-offfunds Media, andtheVictoriaIndiaCo-productionInitiative that wasadvancedfromthe2011/12budgetforDigital the previousyear. Thisdecreasewasattributedtofunding Total governmentfundingin2011/12waslowerthan was $17.5millionin2011/12. The totalfundingpackagefromgovernmenttoFilmVictoria REVENUE FROM GOVERNMENT AND POSITION DURING 2011/12 OVERVIEW OFFINANCIALPERFORMANCE Duringafi nancial yearasubstantialportionoftherevenue \ mainly duetothetimingfactorsoutlinedabove. the decreasedidnotequalthatofreductioninfunding, funding, andwhilstprogrampaymentsdecreasedalso, 2010/11 isprimarilyduetoadecreaseingovernment The reductioninthenetoperatingresult2011/12from Duringafi nancial yeartheremaybeadditionalindustry \

within thefi nancial yearthatitisreceived. funding aswellotherincomeitreceivesrevenue fi nancial commitmentsoutstandingfromprioryears. Film Victoriamaymakedisbursementsthatarisefrom are executed.Asaresult,duringanyonefi nancial year, or deliverablesthatarestilloutstandingaftercontracts year. Thisisprimarilyduetocontractedmilestones may remainundisbursedattheendoffi nancial In turn,asubstantialportionofthefi nancial commitments result infi nancial commitmentstosuccessfulapplicants. received isallocatedtovariousfundingprogramsthat disbursed usingfundsreceivedinpreviousyears. development commitmentsmadeandpartlyorwholly date affectingtheoperationsofFilmVictoria. There havebeennoeventssubsequenttobalancesheet SUBSEQUENT EVENTS 30 June2012. are alsorepresentedinthetotalassetsbalanceasat future CashFlowFacilityloans.Thesecashholdings This istheaggregateamountofcashavailabletomeet CASH FLOW FACILITY CASH AVAILABLE ONLY FORTHE negative andwillbefundedfromfuturegovernmentfunding. of demandonavailablefunding,thebalancethisyearis sheet liabilitiesasat30June2012.Duetothehighlevel forward intofutureperiodsandoutstandingbalance to fundindustrydevelopmentinitiatives,programscarried This istheaggregateamountofcashheldandcommitted COMMITMENT TO INDUSTRY DEVELOPMENT reported exclusiveofGST. inclusive ofGST, whereinpreviousyearstheywere and deliverables.Commitmentsfor2011/12arereported dependent ontheachievementofcontractedmilestones by FilmVictoriaasat30June2012.Disbursementis the leveloffi nancial commitmentsstilltobedisbursed The valueofoutstandingcommitmentsrepresents OUTSTANDING COMMITMENTS from theFacility. along withareductioninthenumberofadvancesmade of anincreaseinloanrepaymentstotheCashFlowFacility due toadecreaseinnon-cashassets.Thiswasasresult The decreaseintotalassetsduring2011/12ispredominantly TOTAL ASSETS Statements ofthisAnnualReport. Further detailsofcashfl ows arecontainedintheFinancial result wasanincreaseincashheldbyFilmVictoria. repayments ofloanstotheCashFlowFacility. Thenet made fromtheCashFlowFacilityandanincreasein This wasfurtheroffsetbyasignifi cant reductioninadvances in programpayments. a decreaseingovernmentfunding,offsetby 2011/12 therewasadecreaseinnetcashfl ows, dueto fl ows areprogrampaymentsandcashfl ow loans.During The majorfactorsaffectingthevariabilityofnetcash NET CASHFLOW ATTESTATION ON COMPLIANCE WITH EMPLOYMENT AND CONDUCT PRINCIPLES THE AUSTRALIAN/NEW ZEALAND RISK We abide by the principles outlined in the Public MANAGEMENT STANDARD Administration Act 2004. These principles include: I, Ian Robertson, certify that Film Victoria has risk management processes in place consistent with the \ Responsiveness AS/NZS ISO 31000:2009 and an internal control system is in place that enables the executive to understand, \ Integrity manage and satisfactorily control risk exposures. \ Impartiality The Film Victoria Board verifi es this assurance and that the risk profi le of Film Victoria has been critically \ Accountability reviewed within the last 12 months. \ Respect

\ Leadership

\ Human rights.

Ian Robertson The Film Act 2001 provides guidance for our executive President and staff on confl ict of interest issues. Film Victoria Melbourne We are an equal opportunity employer and are governed 23 August 2012 by the principles of the Equal Opportunity Act 2010 as well as being bound by the privacy standards articulated HUMAN RESOURCE MANAGEMENT in the Information Privacy Act 2000. We are committed to applying merit and equity principles when appointing Under the Occupational Health and Safety Act 2004, staff. We provide position descriptions for all employees Film Victoria has a responsibility to provide facilities and potential candidates and have established procedures to ensure that the health and welfare of all employees for recruiting new staff members and managing employee is protected. We are responsible for ensuring that, relations to ensure that applicants are assessed and where practicable, the workplace is safe and without evaluated fairly. All staff members are provided a copy of risk to the health and safety of all staff members. the Code of Conduct for the Victorian Public Sector upon Our Occupational Health and Safety Committee, joining our organisation. Further information regarding the which meets quarterly, has employee representation ethical and professional values of Film Victoria is outlined from management and staff. Two appropriately trained in our Collective Agreement, which can be found at fi rst aid offi cers are also represented. During the reporting www.fi lm.vic.gov.au. period two incidents were reported. Both incidents involved staff injuries due to the lift closing on them. FILM VICTORIA REPORT OF OPERATIONS 34–35 ANNUAL REPORT 2011/12 TABLE 1:FULLTIMEEQUIVALENT (FTE)STAFFING TRENDS FROM 2008 TO 2012 COMPARATIVE WORKFORCE DATA CLASSIFICATION AGE ue21 13 8410.9 11 38.4 33.2 5 7 36 30 41 37 June 2011 June 2012 oa 73. 11 33.2 37 (iv) (iii) All fi (ii) (i) Notes: Total P . 3 2.6 1.8 - 8 2 1.5 4 8.5 - 9.9 - 9 7 4 2.0 9 2.6 - 11 - 4 - 7 2 - 1.8 3.5 1 1.8 4.5 2 1 - 6.9 1.2 - 4 15.3 - 4 6.5 1 2.1 18.6 9.4 1 8.8 9 5.4 - 11 17 - 4 - 2 7 19 8.5 2 10 29.9 6 33.2 2.8 - 1 Exec Offi cer 3 - 9 4.2 STS 1 32 VPS 6 37 VPS 5 16 VPS 4 1 11 12.2 4 VPS 3 3 - 8 1 VPS 2 ------VPS 1 18 13 33.2 6 - 27.2 Total Over 64 37 55–64 45–54 30 7 35–44 25–34 Under 25 Total Female Male GENDER the by employmentagencies, andasmallnumberofpeoplewho arenotemployeesbutappointeesto a statutoryoffi Excluded arethose on leavewithoutpayorabsentsecondment, externalcontractors/consultants, andtemporarystaffemployed FTE meansfulltimestaffequivalent. executive contractwhowereactiveinthe lastfullpayperiodofJune. Ongoing employeesincludespeopleengaged onanopenendedcontractofemploymentandexecutivesengageda standard gures refl ect employmentlevelsduring thelastfullpayperiodinJuneofeach year. Public Administration Act2004 0221 0020 2008 2009 2010 2011 2012 424. 554. 41.8 44.6 45.5 49.3 44.2 hacut FTE (headcount) Employees (headcount) . Employees Ongoing (i) 022011 2012 (i)(ii)(iii)(iv) (headcount) (ii) Ongoing Employees Full time aulepoesOngoing casual employees Fixed termand FTE (i) (ii) (headcount) Part time hacut FTE (headcount) Employees 13. 10.9 38.4 41 10.9 38.4 41 10.9 38.4 41 1- 11 ce, asdefi ned in (i) FTE (ii) JUNE 2011 –JUNE2012

(ii) casual employees casual employees Fixed termand Fixed termand FTE FTE (ii) (ii) EXECUTIVE OFFICER DATA

TABLE 1: NUMBER OF EXECUTIVE OFFICERS CLASSIFIED INTO ‘ONGOING’ AND ‘SPECIAL PROJECTS’ AT 30 JUNE 2012

ALL ONGOING

ALL ONGOING SPECIAL PROJECTS Class No. Var No. Var No. Var EO1 ------EO2 1 +1 1 +1 - - EO3 - -1 - -1 - -

Total 1-1--- Notes: Film Victoria has no ‘special projects’ executives. The position of Chief Executive Offi cer at the EO-2 Level was fi lled during the fi nancial year. The position of General Manager, Industry Development & Investment at the EO-3 was vacated during the fi nancial year.

TABLE 2: BREAKDOWN OF EXECUTIVE OFFICERS INTO GENDER FOR ‘ONGOING’ AND ‘SPECIAL PROJECTS’ AT 30 JUNE 2012

ONGOING SPECIAL PROJECTS Male Female Vacancies Male Female Vacancies Class No. Var No. Var No. No. Var No. Var No.

EO1 ------EO2 --1+1------EO3 ----11----- Total - - 1 - 1 - - - - -

TABLE 3: RECONCILIATION OF EXECUTIVE NUMBERS

2012 2011 Executives with remuneration over $100 000 (Financial Statement Note 41) 1 1 Add Vacancies (Table 2) 1 1 Executives employed with total remuneration below $100 000 - - Accountable Offi cer (Secretary) - - Less Separations 11 Total Executive numbers at 30 June 1 1 FILM VICTORIA REPORT OF OPERATIONS 36–37 ANNUAL REPORT 2011/12 DETAILS OFCONSULTANCIES$10,000 OVER the reportingperiod. no tendersorcontractstowhichtheVIPPappliedduring and $1millioninregionalVictoria.FilmVictoriacompleted VIPP inalltendersover$3millionmetropolitanMelbourne (VIPP). Departmentsandpublicbodiesarerequiredtoapply implementation oftheVictorianIndustryParticipationPolicy requires publicbodiesanddepartmentstoreportonthe Victorian IndustryParticipationPolicyAct2003 In October2003,theVictorianParliamentpassed VICTORIAN INDUSTRY PARTICIPATION POLICY conditions oftheVictorianPublicServiceAgreement. Agreement arelargelyinalignmentwiththetermsand as at30June2012.Thetermsandconditionsofthecurrent 2011 forareplacementAgreementwhichwerecontinuing 30 June2011andnegotiationscommencedinSeptember The currentFilmVictoriaCollectiveAgreementexpiredon ENTERPRISE AGREEMENT year asaresultofanindustrialdispute. (MEAA) andstaffrepresentatives.Nodayswerelostinthe Union (CPSU),theMediaEntertainmentandArtsAlliance We workcooperativelywiththeCommunityandPublicSector INDUSTRIAL DISPUTES $10,000, witha totalexpenditureof$8,867(excluding GST). the totalfeespayabletoconsultants werelessthan In 2011/12FilmVictoriaengaged twoconsultancieswhere DETAILS OFCONSULTANCIES UNDER$10,000 Change Enabling Pty Ltd Thinktank Social houseCoopers Pricewater- LaSalle Jones Lang ENDDATE Solutions PtyLtd START DATE Customer Care PURPOSE OFCONSULTANCY CONSULTANT Pty Ltd Worksight Victorian fi towards sustainabilityforthe Develop astrategyforchange Campaign for the‘MoreinMelbourne’ create asocialmediastrategy Partner withFilmVictoriato Program Evaluation Digital Media in February2013 to currentleaseexpiring needs ofFilmVictoriadue to bestsupporttheevolving accommodation solutions Assist withreviewing Management PlanningDay To planandfacilitateaChange relations advice provide generalworkplace negotiation processand Facilitate CollectiveAgreement lm industry lm 1Nvme 012 eray21 1,0 1,0 Nil $5,000 $10,800 $45,000 $10,800 $50,000 $13,000 Nil 28February2012 21 November2011 $9,000 9January2012 7 November2011 $13,800 $22,000 $13,800 30September2012 8 April2012 30April2012 11 April2012 a 013 ue21 1,5 1,7 $1,771 $11,979 Nil $13,750 $12,464 30June2012 $12,464 5 May2011 30June2012 1 February2012 , which PROJECT FEE (EXCL GST) APPROVED TOTAL EXPENDITURE 2011/12 EXPENDITURE FUTURE DISCLOSURE OF MAJOR CONTRACTS BUILDING ACT 1993 Film Victoria did not enter into any contracts greater Film Victoria does not own or control any government than $10 million in 2011/12. buildings and consequently is exempt from notifying its compliance with the building and maintenance provisions FREEDOM OF INFORMATION of the Building Act 1993. The Freedom of Information Act 1982 allows the public a right of access to documents held by Film Victoria. NATIONAL COMPETITION POLICY For the 12 months ending 30 June 2012, Film Victoria Film Victoria continues to be compliant with the National received one application. Competition Policy (NCP), including compliance with the requirements of the policy statement Competitive Neutrality: Film Victoria received an application from Mr Grant McArthur A Statement of Victorian Government Policy, the Victorian at the Herald Sun, dated 11 October 2011, requesting Government Timetable for the Review of Legislative Film Victoria’s Gifts Register for the years 2010/11 and Restrictions on Competition and any subsequent reforms. from July–September 2011 (documents). Film Victoria granted access to the documents requested. Film Victoria continues to work to ensure that Victoria fulfi ls its requirements on competitive neutrality reporting MAKING A REQUEST for technological based businesses against the enhanced Access to documents may be obtained through written principles as required under the National Reform Agenda request to the Freedom of Information Manager, as (NRA). detailed in s17 of the Freedom of Information Act 1982. In summary, the requirements for making a request are: WHISTLEBLOWERS PROTECTION ACT The Whistleblowers Protection Act 2001 encourages and a) It should be in writing assists people in making disclosures of improper conduct by public offi cers and public bodies. The Act provides b) It should identify as clearly as possible which protection to people who make disclosures in accordance document is being requested, and with the Act and establishes a system for the matters c) It should be accompanied by the appropriate application disclosed to be investigated and rectifying action to fee (the fee may be waived in certain circumstances). be taken.

Requests for documents in the possession of Film Victoria Film Victoria does not tolerate improper conduct by should be addressed to: employees, or the taking of reprisals against those who come forward to disclose such conduct. It is committed Freedom of Information Manager to ensuring transparency and accountability in its Film Victoria administrative and management practices and supports Level 7, 189 Flinders Lane the making of disclosures that reveal corrupt conduct, Melbourne VIC 3000 conduct involving a substantial mismanagement of public resources, or conduct involving a substantial Requests can also be lodged online at www.foi.vic.gov.au. risk to public health and safety or the environment.

Access charges may also apply once documents have been Film Victoria will take all reasonable steps within its power processed and a decision on access is made; for example to protect people who make such disclosures from any photocopying and search and retrieval charges. detrimental action in reprisal for making the disclosure. It will also afford natural justice to the person who is the Further information regarding Freedom of Information subject of the disclosure to the extent it is legally possible can be found at www.foi.vic.gov.au. and to the extent the matter is within Film Victoria’s power. FILM VICTORIA REPORT OF OPERATIONS 38–39 ANNUAL REPORT 2011/12 body underPart6areavailableuponrequest. The currentproceduresestablishedbythepublic WHISTLEBLOWERS PROTECTION ACT 2001 DISCLOSURES UNDERTHE Department’s website. by theDepartmentoritsemployeesareavailableon disclosures ofimproperconductordetrimentalaction Written guidelinesoutliningthesystemforreporting FURTHER INFORMATION Email Telephone (03)96603200 Melbourne VIC3000 189 FlindersLane Level 7 Film Victoria Legal Manager Contact detailsfordisclosurepartiesare: to makethedisclosuredirectlyOmbudsman. The personmakingthedisclosuremayalsoelect matter totheOmbudsman. Executive Offi cer, whowillimmediatelyreferthe the disclosureistobemadeorreferredChief Where thedisclosurerelatestoLegalManager, by FilmVictoria’s LegalManager. Disclosure Coordinator. Thisroleistobeperformed Disclosures aretobemadeorreferredtheProtected REPORTING PROCEDURES Website www Email Facsimile (03)96140246 toll free1800806314(regionalonly) Telephone (03)96136222or Melbourne VIC3000 459 CollinsStreet(NorthTower) Level 9 Ombudsman Victoria Email Telephone (03)96603200 Melbourne VIC3000 189 FlindersLane Level 7 Film Victoria Chief ExecutiveOffi cer christine.wood@fi sally.wilson@fi [email protected] .ombudsman.vic.gov.au lm.vic.gov.au lm.vic.gov.au . strategy forthe coming years. which FilmVictoriawillnowuse todevelopitsenvironmental A numberofpositiveandachievable ideasweregenerated sustainable businesspractices. support theindustrytoadoptmore environmentally in abrainstormingworkshopabout howwecouldbest Film Victoriainvited12industrypractitionerstoparticipate screen industrytobecomemoreenvironmentallyaware, As partofourcommitmenttoassistingthebroader reduction inpaperusethe2010/11fi nancial year. The targetedactivitiesresultedina16.6percent staff toreducepaperusage. from papertodigitalwherepossible,andcampaigningfor them toonlineprocesses,aswellalteringsubscriptions This includedchangestopaper-heavy processesand moving by focusingonreducingpaperusagewithintheorganisation. efforts toreduceourenvironmentalimpactfootprint, During the2011/12fi nancial yearwecontinuedour ENVIRONMENTAL REPORTING fi le securityandmanagement body: Recommendationregarding Ombudsman thatrelatetothepublic Any recommendationsmadebythe on completionoftheinvestigation investigation andtheactiontaken matters thatweresubstantiatedupon The numberandtypesofdisclosed declined toinvestigate matters thatthepublicbodyhas The numberandtypesofdisclosed over aninvestigationbythepublicbody whistleblower totheOmbudsmantake The numberofrequestsmadebya the Ombudsman taken overfromthepublicbodyby 0 The numberandtypesofinvestigations Ombudsman forinvestigation referred bythepublicbodyto 0 The numberandtypesofdisclosures 0 by theOmbudsmanforinvestigation matters referredtothepublicbody 0 The numberandtypesofdisclosed disclosures as towhethertheyarepublicinterest to theOmbudsmanfordetermination during theyearbypublicbody The numberofdisclosuresreferred Protected disclosures Public interestdisclosures BODIES DURING THEYEAR DISCLOSURES MADETO PUBLIC THE NUMBERANDTYPESOF NUMBER 2011–12 n/a 0 00 00 00 00 00 00 00 NUMBER 2010–11 ADDITIONAL DEPARTMENTAL INFORMATION FILM VICTORIA COMMITTEES AVAILABLE ON REQUEST AND ASSESSMENT PANELS In accordance with the requirements of the Standing AUDIT AND RISK COMMITTEE (PREVIOUSLY THE FINANCE Directions of the Minister for Finance, details in respect AND AUDIT COMMITTEE AND THE CREDIT COMMITTEE) of the information items below have been retained by us This committee oversees and reviews the processes of and are available to the relevant Ministers, Members of management and the internal and external audit function Parliament and the public (subject to Freedom of Information with a view to achieving strategic objectives effi ciently requirements where applicable) on request. and effectively. It guides the Chief Executive Offi cer and the General Manager, Business Affairs and assists the In compliance with best practice disclosure policies and organisation and the Minister in the discharge of respective where relevant, details about some of the following matters responsibilities for fi nancial performance, fi nancial reporting, have been disclosed in the Report of Operations: compliance, internal control systems, audit activities, risk management and any other matters referred to it by the a) A statement that declarations of pecuniary interests organisation. The committee also oversees and reviews have been duly completed by all relevant offi cers the risks associated with the Cash Flow Facility fund and b) Details of shares held by senior offi cers as nominee assesses applications for the program for recommendation or held benefi cially in a statutory authority or subsidiary to the Board for fi nal approval. The Audit and Risk Committee met on four occasions, the Finance and Audit Committee met c) Details of publications produced by us about our on four occasions and the Credit Committee met on three activities and where they can be obtained occasions in 2011/12. All fi ve members are independent. d) Details of changes in prices, fees, charges, rates and \ Jo Dawson, Board member (Chair) levies charged by us for services, including services that are administered \ Debra Allanson, Board member e) Details of any major external reviews carried out \ Lyn Maddock, Board member in respect of the operation of Film Victoria \ Siu Ling Hui, external member f) Details of any other research and development activities \ Jeremy King, external member undertaken that are not otherwise covered either in the Report of Operations or in a document which contains FILM VICTORIA EVALUATION the fi nancial report and Report of Operations AND ADVISORY COMMITTEE (EAC) g) Details of overseas visits undertaken including a summary This committee consists of suitably qualifi ed and experienced of the objectives and outcomes of each visit practitioners across fi lm and television. A minimum of fi ve members are convened to consider applications for h) Details of major promotional, public relations and the Screen Production – Investment program, providing marketing activities undertaken to develop community recommendations to the Board for fi nal approval. awareness of our services \ CEO, Film Victoria (Chair) i) Details of assessments and measures undertaken to improve the occupational health and safety of employees, \ David Parker, Board member not otherwise detailed in the Report of Operations \ Jan Sardi, Board member j) A general statement on industrial relations within the \ Kate Dennis organisation and details of time lost through industrial accidents and disputes, which is not otherwise detailed \ Richard Frankland in the Report of Operations, and \ Jeni McMahon k) A list of major committees sponsored by Film Victoria, the purposes of each committee and the extent to \ Kris Mrksa (until May 2012) which the purposes have been achieved. \ Andy Walker This information is available on request from:

General Manager, Business Affairs Film Victoria Level 7 189 Flinders Lane Melbourne VIC 3000 FILM VICTORIA REPORT OF OPERATIONS 40–41 ANNUAL REPORT 2011/12 20 applications,ofwhich12wereapproved. The panelmetonfi ve occasionsandassessed MiraRobertson \ GregWoodland \ ReginaLee \ AndyCox \ RanaldAllan \ StuartPage \ in the2011/12fi nancial yearincluded: External scriptdevelopmentassessorsengaged of fourexternalscriptdevelopmentassessors. The panelalsoincludesaminimumoftwoandmaximum Manager, Script Development \ GeneralManager, IndustryDevelopmentandInvestment \ CEO,FilmVictoria \ staff fromthefollowing: assessment panelcomprisesaminimumofoneinternal – FictionFeatures This panelassessesapplicationstothe ASSESSMENT PANEL FICTION FEATURE DEVELOPMENT the Boardforfi nal approvalandonedecisiondeferred. 43 applications,ofwhich35wererecommendedto The committeemetonsixoccasionsandassessed SueSeeary \ NickMcMahon \ GillianCarr \ SueMaslin \ DanielScharf \ EwanBurnett \ members included: members declaredconfl icts ofinterest.Theseformer engaged toconsiderapplicationswherecurrentserving In the2011/12fi nancial year, formerEACmemberswere

funding strands.Thecompositionofthe Screen Development nine applications,ofwhicheightwereapproved. The panelmetonfi ve occasionsandassessed MiraRobertson \ StuartPage \ AndyCox \ fi nancial yearincludedthefollowing: External assessorsengagedtodateinthe2011–12 Externalassessors(asrequired) \ InvestmentandProgramsManager(s) \ Manager, ScriptDevelopment \ SeniorInvestmentManager \ GeneralManager, IndustryDevelopmentandInvestment \ CEO,FilmVictoria \ the following: The panelmustcompriseofaminimumthree the panelinitsconsiderationofanapplication. external assessmentofanyprojectseekingfundingtoassist – FictionTelevision This panelassessesapplicationstothe FICTION TELEVISIONDEVELOPMENT ASSESSMENTPANEL 128 applications,ofwhich10wereapproved. The panelmetonthreeoccasionsandassessed AndyCox \ MiraRobertson \ KarinAltmann \ MacGudgeon \ External assessorsengagedwere: Aminimumoftwoandamaximumfi ve external \ Manager, Script Development \ Concept LabSpecialInitiative This panelassessesapplicationstothe CATAPULT CONCEPT LABASSESSMENTPANEL

script developmentexperts fundingstrands.We maycommissionthe . Thepanelcomprises: Screen Development Catapult DOCUMENTARY DEVELOPMENT The panel also comprises external panel members, with ASSESSMENT PANEL relevant skills and experience. A minimum of three and This panel assesses applications to the Screen Development maximum of ﬁ ve of the following external members attend – Documentary funding strands. We may commission the each meeting: external assessment of any project seeking funding to assist the panel in its consideration of an application. \ Paul Baiguerra (until November 2011)

The panel must comprise of a minimum of three \ Domenic Carosa (until November 2011) of the following: \ Andrew Davies (until November 2011)

\ CEO, Film Victoria \ Jason Hill (until November 2011)

\ General Manager, Industry Development and Investment \ Stuart Johnston (until November 2011)

\ Documentary Development Manager \ Tony Lay (until November 2011)

\ Senior Investment Manager \ Michael Padden (until November 2011)

\ Investment and Programs Manager(s) \ Chris Wright (until March 2012)

\ Manager, Script Development \ Ben Britten Smith (from November 2011)

\ External assessors (as required) \ Dan Fill (from November 2011)

The panel met on ﬁ ve occasions and assessed \ Nick Hagger (from November 2011) 41 applications, of which 23 were approved. \ Cam Lee (from November 2011) DIGITAL MEDIA ASSESSMENT PANEL This panel assesses applications in respect of the \ Moran Paldi (from November 2011) Screen Development – Games funding strand, providing recommendations to the Board for ﬁ nal approval. \ Harry Ravenswood (from November 2011)

The panel must comprise of a minimum of two \ Matthew Hall (from April 2012) and maximum of three of the following: The panel met on three occasions and assessed \ CEO, Film Victoria 35 applications, of which 14 were recommended to the Board for ﬁ nal approval. \ General Manager, Industry Development and Investment

\ Digital Media Manager

\ Senior Investment Manager

\ Investment and Programs Manager(s) FILM VICTORIA REPORT OF OPERATIONS 42–43 ANNUAL REPORT 2011/12 DigitalMediaManager \ Manager, ScriptDevelopment \ InvestmentandProgramsManager(s) \ SeniorInvestmentManager \ GeneralManager, Industry DevelopmentandInvestment \ a minimumofoneseniormanagermustbeonthepanel: Global Connections When consideringapplicationsfor IndigenousProjectsOfﬁ cer \ IndustryProgramsOfﬁ cer(s) \ DigitalMediaManager \ DocumentaryDevelopmentManager \ Manager, ScriptDevelopment \ InvestmentandProgramsManager(s) \ SeniorInvestmentManager \ GeneralManager, Industry DevelopmentandInvestment \ CEO,FilmVictoria \ of thefollowing: Members shouldincludeaminimumofthree an application. seeking fundingtoassistthepanelinitsconsiderationof We maycommissiontheexternalassessmentofanyproject relevant tobusinessandskillsdevelopmentasrequired. Indigenous initiativesandotherspecialinitiativeprograms – Online Screen Business–GlobalConnections (Digital Media),ScreenBusiness–InternationalFestivals, Production Placements,ScreenSkills–CompanyInternship This panelassessesapplicationstothe ASSESSMENT PANEL BUSINESS ANDSKILLSDEVELOPMENT

fundingstrands.Italsoassessesourcurrent and Screen Skills–CompanyInternship Screen Business– and Indigenous ScreenBusiness

137 applications,ofwhich89wereapproved. The panelmeton36occasionsandassessed DigitalMediaManager \ Manager, ScriptDevelopment \ InvestmentandProgramsManager(s) \ SeniorInvestmentManager \ GeneralManager, Incentives,Locations \ GeneralManager, IndustryDevelopment \ CEO,FilmVictoria \ from thefollowing: must compriseaminimumofthreeinternalstaff Screen Business–GlobalConnections to aparticularinternationaleventofferedthrough international marketsortargetedbusinesstravel When consideringapplicationsforone-offspecifi c 33 applications,ofwhich26wereapproved. The panelmetonfi ve occasionsandassessed IndustryProgramsOffi cer(s) \ DigitalMediaManager \ InvestmentandProgramsManager(s) \ SeniorInvestmentManager \ GeneralManager, IndustryDevelopmentandInvestment \ CEO,FilmVictoria \ of thefollowing: The panelmustcompriseofaminimumthree and Industry Activities,ScreenEngagement–AudienceAccess This panelassessesapplicationstothe DEVELOPMENT ASSESSMENTPANEL INDUSTRY ANDAUDIENCE

and ProductionServices and Investment Screen Engagement–RegionalAccess , thepanel Screen Skills– fundingstrands.

PRODUCTION INVESTMENT ATTRACTION FUND (PIAF)/REGIONAL LOCATION ATTRACTION FUND (RLAF) COMMITTEE The committee meets as required.

Members:

\ Jo Dawson, Board member (Chair)

\ Kim McGrath, Board member

\ CEO, Film Victoria

\ General Manager, Incentives, Locations and Productions Services (non-voting)

\ General Manager, Business Affairs

\ A Film Victoria Legal Representative (voting member in the absence of CEO, GM, Industry Development & Investment or GM, Business Affairs)

\ Incentives Coordinator (non-voting)

\ David Hanna, external member

The Committee met on six occasions and approved a total of 16 projects, nine for PIAF and seven for RLAF. FILM VICTORIA 44–45 ANNUAL REPORT 2011/12 (AS AT 30JUNE2012) FILM VICTORIA STAFF Project Offi cer Kris Matthews Marketing &EventsOffi cer Lee Taylor Policy &IndustryAnalyst Bria Baker Communications Advisor Cara Sputore Events Manager Odilla O’Boyle Industry &CorporatePrograms Marketing Manager, Fiona Hulton Production Attraction Marketing Manager, Trisha Vessey Marketing &Communications Head ofStrategy, Shae Quabba Executive AssistanttotheChiefOffi cer Christine Wood Chief ExecutiveOffi cer Jenni Tosi DIRECTORATE & SupportOffi cer Programs Administration Erin Bretherton & SupportOffi cer Programs Administration Maria Toscano & SupportOffi cer Programs Administration Jacinta Palmer & SupportOffi cer Programs Administration Kate Taylor & SupportOffi cer Programs Administration Stephanie Van Schilt Script DevelopmentCoordinator Beatrix Coles Indigenous ProjectsOffi cer Sarah Bond Industry ProgramsOffi cer Julianne Deeb Industry ProgramsOffi cer Anna Kaplan Documentary DevelopmentManager Steve Warne Investment &ProgramsManager Franziska Wagenfeld Investment &ProgramsManager Cristina Pozzan Digital MediaManager Brad Giblin Manager, ScriptDevelopment Charlie Carman Operations Coordinator Industry Development&Investment Genevieve Gaffy Industry Development&Investment Acting GeneralManager, Sue Edwards INDUSTRY DEVELOPMENT &INVESTMENT INCENTIVES, LOCATIONS & BUSINESS AFFAIRS PRODUCTION SERVICES Nesreen Bottriell Kate Marks General Manager, Business Affairs General Manager, Incentives, Locations & Production Services Nathalie Pelissero Finance Manager Audrey-Maeve Barker Executive Assistant to General Manager Sharon Karman Payroll & Accounts Offi cer Neil McCart Production & Policy Manager Marcus Stella Finance Offi cer Daniel May Locations Resource Coordinator Sally Wilson Legal Manager Tim Reid Production Services Coordinator Alison Bird Solicitor Madeline Getson Victorian Film Offi cer Emma Cornall Principal Solicitor

Michelle Rubin Senior Solicitor

Emma Geier Contracts Ofﬁ cer, Production & Recoupment

Samantha Lloyd Contracts Ofﬁ cer, Development & Grants

Daniel Reid Administrative Assistant – Legal Team

David Spargo Manager, Information Management & Technology

Jana Jones IT Business Systems Coordinator

Brett Griggs Information Management Coordinator

Janelle Murphy Human Resources Manager

Brooke Atkins HR Services Coordinator

Suzanne Woolley Receptionist FILM VICTORIA REPORT OF OPERATIONS 46–47 ANNUAL REPORT 2011/12 with statutorydisclosurerequirements. to facilitateidentifi cation of FilmVictoria’s compliance and pronouncements.Thisindexhasbeenprepared in accordancewithallrelevantVictorianlegislations The AnnualReportofFilmVictoriaisprepared INDEX DISCLOSURE D455Sei aaeetcmlac tetto 33 35 36 38 38 36 Signoffrequirements information requirements Specifi c managementcomplianceattestation Workforce Datadisclosures SD 4.2(j) VictorianIndustryParticipationPolicydisclosures SD 4.2(g) Reportingofoffi ce-based environmentalimpacts SD 4.5.5 Statementofavailabilityotherinformation FRD 29 Detailsofconsultanciesunder$10,000 FRD 25A Detailsofconsultanciesover$10,000 FRD 24C FRD 22C FRD 22C FRD 22C R 2 ttmn nNtoa optto oiy 37 30 32 32 Applicationandoperationofthe StatementonNationalCompetitionPolicy Compliancewithbuildingandmaintenanceprovisionsof Applicationandoperationof FRD 22C 30 Subsequentevents 2 FRD 22C Majorchanges orfactorsaffectingperformance FRD 22C Signifi cant changesinfi nancial positionduringtheyear FRD 22C Summary ofthefi nancial resultsfortheyear FRD 22C Occupational healthandsafetypolicy 1–2 FRD 22C Employment andconductprinciples FRD 22C FRD 22C Executiveoffi cer disclosures FRD 22C Disclosure ofmajorcontracts FRD 22C Operational andbudgetaryobjectivesperformanceagainst Disclosureindex FRD 22C,SD4.2(k) Budgetportfoliooutcomes FRD 15B FRD 12A FRD 10 Organisational structure FRD 8B Financial andotherinformation Natureand rangeofservicesprovided FRD 22C Objectives, functions,powersandduties Management andstructure Manner of establishmentandtherelevantMinisters FRD 22C FRD 22C FRD 22C Charter andpurpose REQUIREMENT REPORT OFOPERATIONS –FRDGUIDANCE MINISTERIAL DIRECTIONS LEGISLATION Freedom ofInformationAct1982 Whistleblowers ProtectionAct2001 Building Act1993 37 PAGE REFERENCE 37–38 44–45 N/A 30 30 34 32 33 33 35 37 37 3 3 LEGISLATION REQUIREMENT PAGE REFERENCE MINISTERIAL DIRECTIONS (CONTINUED) FINANCIAL REPORT Financial statements required under Part 7 of the FMA SD4.2(a) Statement of changes in equity 52 SD4.2(b) Operating statement 50 SD4.2(b) Balance sheet 51 SD4.2(b) Cash fl ow statement 53

Other requirements under Standing Directions 4.2 SD4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements 54 SD4.2(c) Compliance with Ministerial Directions 54 & 39 SD4.2(d) Rounding of amounts 55 SD4.2(c) Accountable ofﬁ cer’s declaration 80 SD4.2(f) Compliance with Model Financial Report 80

Other disclosures as required by FRDs in notes to the fi nancial statements FRD 9A Departmental disclosure of administered assets and liabilities N/A FRD 11 Disclosure of ex gratia payments N/A FRD 13 Disclosure of parliamentary appropriations N/A Disclosures of Responsible Persons, Executive Offi cers and Other Personnel FRD 21B 76–77 (Contractors with Signifi cant Management Responsibilities) in the Financial Report FRD 102 Inventories N/A FRD 103D Non-current physical assets 56 FRD 104 Foreign currency N/A FRD 106 Impairment of assets 59 FRD 109 Intangible assets N/A FRD 107 Investment properties N/A FRD 110 Cash fl ow statements 75–76 FRD 112C Defi ned benefi t superannuation obligations N/A FRD 113 Investments in subsidiaries, jointly controlled entities and associates N/A FRD 114A Financial Instruments – General Government Entities and public non-fi nancial corporations 70 FRD 119 Contributions by owners 60

LEGISLATION Freedom of Information Act 1982 37 Building Act 1983 37 Whistleblowers Protection Act 2001 37 Victorian Industry Participation Policy Act 2003 35 Financial Management Act 1994 30 FILM VICTORIA REPORT OF OPERATIONS 48–49 ANNUAL REPORT 2011/12 REPORT AUDITOR-GENERALS

FILM VICTORIA FINANCIAL STATEMENTS 50–51 ANNUAL REPORT 2011/12 COMPREHENSIVE OPERATING STATEMENT FORTHEFINANCIALYEARENDED30JUNE2012 STATEMENTS FINANCIAL OPEESV EUT (,8,2)(253,275) (2,083,022) 0 (137,655) (2,371) 14,799 (1,904) 31,984 2,510,089 25,580,239 4,855,692 17,903,124 311,334 3(b) 3(a) 3(c) 2,175,438 22,589,334 4,609,852 15,547,946 256,098 (113,249) 2(f) 2(c) 2(d) 2(e) (2,217,902) COMPREHENSIVE RESULT Total othereconomicfl ows includedinnetresult Net gain/(loss)fromothereconomicfl ows Net lossonfi nancial instruments Net lossonnonfi nancial assets OTHER ECONOMIC FLOWS INCLUDED INNETRESULT NET RESULTS FROMTRANSACTIONS(NETOPERATING BALANCE) Total expensesfromtransactions Other operatingexpenses Depreciation andamortisation Employee expenses Program costs CONTINUING OPERATIONS EXPENSES FROM TRANSACTIONS INCOME FROM TRANSACTIONS The comprehensiveoperatingstatementshouldbereadinconjunctionwiththeaccompanyingnotesincludedonpages52to77. during onefi end ofthefi programs whichresultsinfi The comprehensivelossof$2,083,022includesdisbursementprogramcosts$15,547,946.Revenueisallocatedtovarious te noe2b ,1,7 3,050,564 25,466,990 2,919,970 22,416,426 20,461,433 2(b) 17,541,463 2(a) Total incomefromtransactions Other income Victorian Governmentfunding nancial yearduetocontractedmilestonesordeliverablesbeingoutstandingaftercontractsareexecuted.Asaresult, nancial yearFilmVictoriamaymakedisbursementsthatarisefromfi nancial commitmentsoutstandingfromprioryears. nancial commitmentstosuccessfulapplicants.Thesemayremainundisbursedatthe OE21 2011 2012 NOTE

489(140,026) 44,879 $$

BALANCE SHEET AS AT 30 JUNE 2012

NOTE 2012 2011 $$

ASSETS FINANCIAL ASSETS Cash and cash deposits 14(a) 31,850,630 30,560,918 Receivables 4 457,729 3,485,944 Total ﬁ nancial assets 32,308,359 34,046,862

NON-FINANCIAL ASSETS Prepayments 41,627 64,026 Property, plant and equipment 5 202,901 456,613 Total non-ﬁ nancial assets 244,528 520,639 TOTAL ASSETS 32,552,887 34,567,501

LIABILITIES Payables 6 80,853 56,368 Provisions 7 970,592 926,667 Total liabilities 1,051,445 983,035 NET ASSETS 31,501,443 33,584,467

EQUITY Accumulated surplus/(deﬁ cit) 9 3,753,469 5,836,491 Contributed capital 27,747,974 27,747,974 Net Worth 31,501,443 33,584,466 Commitments on program costs undisbursed at the 30 June 2012 total $20,298,110 and are detailed in Note 11.

The balance sheet should be read in conjunction with the accompanying notes included on pages 52 to 77. FILM VICTORIA FINANCIAL STATEMENTS 52–53 ANNUAL REPORT 2011/12 STATEMENT OFCHANGESINEQUITY FORTHEFINANCIALYEARENDED30JUNE2012 te opeesv noefrteya 0 (2,083,022) 31,501,443 0 27,747,974 0 3,753,469 (2,083,022) 0 9 Balance asat30June2012 Other comprehensiveincomefortheyear Net resultfortheyear te opeesv noefrteya 0 (253,275) 0 33,837,741 0 27,747,974 (253,275) 6,089,767 0 The statementofchangesinequityshouldbereadconjunctionwiththeaccompanyingnotesincludedonpages52to77. but hasyettobeexpended. The accumulatedsurplustotalof$3,753,469asat30June2012representsexpenditurethathasbeenallocatedtovariousprogra Balance asat30June2011 Other comprehensiveincomefortheyear Net resultfortheyear Balance at1July2010

NOTE

ACCUMULATED ,3,9 7779433,584,466 27,747,974 5,836,491 SURPLUS $$$ CONTRIBUTIONS BY WESTOTAL OWNERS ms, CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2012

NOTE 2012 2011 $$

CASH FLOWS FROM OPERATING ACTIVITIES RECEIPTS Receipts from Government 17,757,363 22,726,426 Receipts from Other Entities 1,595,748 263,987 Equity Investment Repayments 504,557 310,916 Producer Package Investment Repayments 99,730 243,725 Interest Received 1,528,000 1,692,297 Goods and Services Tax recovered from the ATO 1,384,101 1,577,428 Total receipts 22,869,499 26,814,779

PAYMENTS Payments to Suppliers and Employees (6,871,729) (7,410,813) Payments to Industry Applicants (9,549,539) (11,326,250) Equity Investment in New Projects (6,906,902) (7,693,986) Producer Package Investment in New Projects (587,545) (612,000) Total payments (23,915,715) (27,043,049) NET CASH FROM/(USED IN) OPERATING ACTIVITIES 14(b) (1,046,216) (228,272)

CASH FLOWS FROM INVESTING ACTIVITIES Cash Flow Facility – Producer Loans Repayments 2,385,663 6,312,722 Payments for Property, Plant, and Equipment (4289) (267,604) Cash Flow Facility – Producer Loans Advances (45,445) (1,330,771) Net cash from (used in) investing activities 2,335,929 4,714,347

Net increase/(decrease) in cash held 1,289,711 4,486,077

Cash and cash equivalents at the beginning of the ﬁ nancial year 30,560,918 26,074,841

Cash and cash equivalents at the end of the fi nancial year 14(a) 31,850,630 30,560,918 The cash fl ow statement should be read in conjunction with the accompanying notes included on pages 52 to 77. FILM VICTORIA FINANCIAL STATEMENTS 54–55 ANNUAL REPORT 2011/12 issue bytheBoardofFilmVictoriaon23August2012. The annualfi nancial statementshavebeenauthorisedfor events isreported. that thesubstanceofunderlyingtransactionsorother the conceptsofrelevanceandreliability, therebyensuring which ensuresthattheresultingfi nancial informationsatisfi es Accounting policiesareselectedandappliedinamanner not-for-profi t entitieshavebeenapplied. Where appropriate,thoseAASparagraphsapplicableto Government SectorFinancialReporting. of theAASB1049 presented inamannerconsistentwiththerequirements Accounting StandardBoard(AASB).Inparticular, theyare (AAS), whichincludeInterpretations,issuedbytheAustralian 1994 (FMA) prepared inaccordancewiththe These generalpurposefi nancial statementshavebeen STATEMENT OFCOMPLIANCE (A) stewardship ofresourcesentrustedtoit. is toprovideuserswithinformationaboutFilmVictoria’s the periodending30June2012.Thepurposeofthisreport general purposefi nancial statements forFilmVictoria The annualfi nancial statements representtheaudited ACCOUNTING POLICIES NOTE 1.SUMMARY OFSIGNIFICANT YEAR ENDED30JUNE2012 STATEMENTS FORTHEFINANCIAL NOTES TO THEFINANCIAL andapplicableAustralianAccountingStandards Whole ofGovernmentandGeneral Financial ManagementAct Melbourne VIC3000 189 FlindersLane Level 7 Film Victoria Its principaladdressis: individual reportingentity. The fi nancial statementscoverFilmVictoriaasan REPORTING ENTITY (C) cost convention. dollars, andarepreparedinaccordancewiththehistorical These fi nancial statementsarepresentedinAustralian provisions. \ impairmentonreceivables;and \ plantandequipment; \ and estimatesrelateto: AASs thathavesignifi cant effectsonthefi nancial statements assumptions madebymanagementintheapplicationof periods thatareaffectedbytherevision.Judgementsand period inwhichtheestimateisrevisedandalsofuture Revisions toaccountingestimatesarerecognisedinthe estimates. the circumstances.Actualresultsmaydifferfromthese other factorsthatarebelievedtobereasonableunder judgements derivedfromhistoricalexperienceandvarious and associatedassumptionsarebasedonprofessional are notreadilyapparentfromothersources.Theestimates made aboutthecarryingvaluesofassetsandliabilitiesthat Judgements, estimatesandassumptionsarerequiredtobe when cashisreceivedorpaid. the reportingperiodtowhichtheyrelate,regardlessof liabilities, equity, incomeandexpensesarerecognisedin preparation ofthesefi nancial statementswherebyassets, The accrualbasisofaccountinghasbeenappliedinthe BASIS OF (B) appropriations fortheprovisionofoutputs. is predominantlyfundedbyaccrual-basedparliamentary television anddigitalmediaindustriesinVictoria.FilmVictoria provides strategicleadershipandassistancetothefi lm, Film VictoriaistheVictorianStateGovernmentbodythat OBJECTIVES ANDFUNDING

AND MEASUREMENT ACCOUNTING PREPARATION (D) SCOPE AND PRESENTATION BALANCE SHEET OF FINANCIAL STATEMENTS Assets and liabilities are presented in liquidity order with COMPREHENSIVE OPERATING STATEMENT assets aggregated in fi nancial assets and non-fi nancial Income and expenses in the comprehensive operating assets. statement are classifi ed according to whether or not Current and non-current assets and liabilities (non-current they arise in ‘transactions’ or ‘other economic fl ows’. being those assets or liabilities expected to be recovered or This classifi cation is consistent with the whole of settled in more than 12 months) are disclosed in the notes, government reporting format and is allowed under where relevant. AASB 101 Presentation of Financial Statements. CASH FLOW STATEMENT ‘Transactions’ and ‘other economic fl ows’ are defi ned by Australian System of Government Finance Statistics: Cash fl ows are classifi ed according to whether or not they Concepts, Sources and Methods 2005 and Amendments arise from operating, investing, or fi nancing activities. to Australian System of Government Finance Statistics, This classifi cation is consistent with requirements under 2005 (ABS Catalogue Cat. No. 5514.0). AASB 107 Statement of Cash Flows.

‘Transactions’ are those economic fl ows that are considered STATEMENT OF CHANGES IN EQUITY to arise as a result of policy decisions, usually interactions The statement of changes in equity presents reconciliations between two entities by mutual agreement. Transactions of non-owner and owner changes in equity from opening also include fl ows within an entity, such as depreciation balance at the beginning of the reporting period to the where the owner is simultaneously acting as the owner closing balance at the end of the reporting period. It also of the depreciating asset and as consumer of the service shows separately changes due to amounts recognised in provided by the asset. Taxation is regarded as mutually the ‘Comprehensive result’ and amounts recognised in agreed interactions between the government and taxpayers. ‘Other economic fl ows-other movements in equity’ related Transactions can be in kind (e.g. assets provided given free to ‘Transactions with owner in its capacity as owner’. of charge or for nominal consideration) or where the fi nal consideration is cash. ROUNDING Amounts in the fi nancial statements (including the notes) ‘Other economic fl ows’ are changes arising from market have been rounded to the nearest dollar. Minor discrepancies re-measurements. They include: in totals of tables are due to rounding. \ gains and losses from disposals;

\ revaluations and impairments of non-ﬁ nancial physical and intangible assets; and

\ fair value changes of ﬁ nancial instruments assets.

The net result is equivalent to profi t or loss derived in accordance with AASs. FILM VICTORIA FINANCIAL STATEMENTS 56–57 ANNUAL REPORT 2011/12 period inwhichtheyarereceived. returns fromfundedrecipientsrecognisedinthereporting Investment andgrantrepaymentsareincomeinvestment Investment andgrant repayments of FilmVictoria’s investment. production investmentandarebasedontheamount Administration feesarechargedbyFilmVictoriafor Administration Fees copyright interestintheprojecttofundingrecipient. once repaid,allowsforthereassignmentofFilmVictoria’s development investment(pluspremium,ifapplicable)and, Development buyoutsaretherepaymentofFilmVictoria’s Development Buyouts change innetworththecomprehensiveresult. and lossestakendirectlytoequity, formingpartofthetotal other economicfl ows inthenetresultorasunrealisedgains from transactions,butarereportedaspartofincome revaluation ofinvestmentsdonotformparttheincome Net realisedandunrealisedgainslossesonthe the relevantperiod. effective interestmethodwhichallocatestheover on fi nancial assets.Interestincomeisrecognisedusingthe investments andtheunwindingovertimeofdiscount Interest includesinterestreceivedondepositsandother Interest revenue Incomefromprojectassistance,producer advances, \ Otherincomeincludinginterest;and \ major activitiesasfollows: Income isrecognisedforeachofFilmVictoria’s net ofreturns,allowancesanddutiestaxes. Amounts disclosedasincomeare,whereapplicable, OTHER INCOME in accordancewithspecifi ed performancecriteria. the relevantMinisterhascertifi ed deliveryofthoseoutputs is recognisedwhenthoseoutputshavebeendeliveredand Income fromtheoutputsFilmVictoriaprovidestogovernment Output appropriations VICTORIAN GOVERNMENT FUNDING can bereliablymeasured. the economicbenefi ts will fl ow totheentityandincome Income isrecognisedtotheextentthatitprobable INCOME FROM TRANSACTIONS (E)

of theserviceorrightstocustomer. and thesaleofrightsisrecognisedupondelivery SUPERANNUATION premiums. leave entitlements,redundancypaymentsandWorkCover separately) includingwagesandsalaries,fringebenefi ts tax, (other thansuperannuationwhichisaccountedfor These expensesincludeallcostsrelatedtoemployment benefi ts. Refer tothesectioninNote1(k)regardingemployee CostsSalary EMPLOYEE EXPENSES production investment. approved fundingrecipientsforgrants,advancesand These expensesarerelatedtopaymentsmadethe PROGRAM COSTS which theyrelate. are incurred,andreportedinthefi nancial yearto Expenses fromtransactionsarerecognisedasthey EXPENSESFROM TRANSACTIONS (F) the calculationofdepreciationandamortisation: The followingestimatedusefullivesareusedin period, andadjustmentsmadewhereappropriate. method arereviewedattheendofeachannualreporting The estimatedusefullives,residualvaluesanddepreciation residual value,overitsestimatedusefullife. at ratesthatallocatetheasset’s value,lessanyestimated Depreciation isgenerallycalculatedonastraight-linebasis, held-for-sale) thathavefi nite usefullifearedepreciated. assets (excludingitemsunderoperatingleasesand All plantandequipmentothernon-fi nancial physical DEPRECIATION were $455,094. in 2011–12.Superannuationcontributions2010/11 was contributedtoanumberofsuperannuationfunds comprehensive operatingstatement.Atotalof$451,161 All superannuationcontributionsareexpensedinthe f eEupet 0 20% 20% 20% 25% 20% 25% amortisedoverthe 33.33% Leasehold Improvements OffiEquipment ce Furniture andFittings Computers 33.33% Audio VisualEquipment CLASS OFFIXEDASSET life ofthelease DEPRECIATION fiyears ve RATE 022011 2012 amortised overthe life ofthelease DEPRECIATION fiyears ve RATE OTHER EXPENSES (H) FINANCIAL INSTRUMENTS Refer to the section in Note 1(i) regarding Leases. Financial instruments arise out of contractual agreements that give rise to a fi nancial asset of one entity and a fi nancial Supplies and services liability or equity instrument of another entity. Due to the Supplies and services costs are recognised as an expense nature of Film Victoria’s activities, certain fi nancial assets in the reporting period in which they are incurred. and fi nancial liabilities arise under statute rather than a contract. Such fi nancial assets and fi nancial liabilities do Bad and doubtful debts not meet the defi nition of fi nancial instruments in AASB 132 (Refer Note 1(i) Financial assets – Impairment of Financial Instruments: Presentation. For example statutory fi nancial assets). receivables arising from taxes do not meet the defi nition of (G) OTHER ECONOMIC FLOWS INCLUDED fi nancial instruments as they do not arise under contract. IN NET RESULT However, Cash Flow Facility loans to producers are fi nancial instruments as they arise out of contractual agreements. Other economic fl ows measure the change in volume or value of assets or liabilities that do not result from transactions. Where relevant, for note disclosure purposes, a distinction is made between those fi nancial assets and liabilities that meet NET GAIN/(LOSS) ON NON-FINANCIAL ASSETS the defi nition of fi nancial instruments in accordance with Net gain/(loss) on non-fi nancial assets and liabilities AASB 132 and those that do not. includes realised and unrealised gains and losses as follows: CATEGORIES OF NON-DERIVATIVE FINANCIAL INSTRUMENTS DISPOSAL OF NON-FINANCIAL ASSETS Loans and receivables Any gain or loss on the disposal of non-fi nancial assets is Loans and receivables are fi nancial instrument assets recognised at the date of disposal and is determined after with fi xed determinable payments that are not quoted on deducting from the proceeds the carrying value of the asset the active market. These assets are initially recognised at at that time. fair value plus any directly attributable transaction costs. Subsequent to initial measurement, loans and receivables NET GAIN/(LOSS) ON FINANCIAL INSTRUMENTS are measured at amortised cost using the effective interest Net gain/(loss) on fi nancial instruments includes: method less any impairment.

\ realised and unrealised gains and losses from Loans and receivables category includes cash and deposits, revaluations of ﬁ nancial instruments at fair value; trade receivables, term deposits, loans and other receivables, but not statutory receivables. \ impairment and reversal of impairment for ﬁ nancial instruments at amortised cost; and

\ disposals of ﬁ nancial assets.

OTHER GAINS(LOSSES) FROM OTHER ECONOMIC FLOWS Other gains/(losses) from other economic ﬂ ows include the gains or losses from:

\ the revaluation of the present value of the long service liability due to changes in the bond interest rates; and

\ transfer of amounts from reserves and/or accumulated surplus to the net result due to disposal or derecognition or reclassifi cation. FILM VICTORIA FINANCIAL STATEMENTS 58–59 ANNUAL REPORT 2011/12 a fi nancial assetorgroupoffi nancial assetsisimpaired. Film Victoriaassessesatbalancesheetdatewhether classifi cation ofitsfi nancial assetsatinitialrecognition. the assetswereacquired.Managementdetermines The classifi cation dependsonthepurposeforwhich heldtomaturityinvestments. \ loansandreceivables; \ fi nancial assetsatfairvaluethroughprofi t andloss; \ following categories: Film Victoriaclassifi es itsfi nancial assetsinthe INVESTMENTS, LOANS, ANDOTHER FINANCIALASSETS contractualreceivables,whichincludemainlydebtors \ Receivables consistof: RECEIVABLES are subjecttoaninsignifi cant riskofchangesinvalue. which arereadilyconvertibletoknownamountsofcashand cash commitmentsratherthanforinvestmentpurposes,and or less,whichareheldforthepurposeofmeetingshortterm liquid investmentswithanoriginalmaturityofthreemonths cash onhandandatbank,depositscallhighly Cash anddeposits,includingcashequivalents,comprise CASH ANDDEPOSITS (I) FINANCIAL ASSETS collected, andbaddebtsarewrittenoffwhenidentifi ed. when thereisobjectiveevidencethatthedebtsmaynotbe below. Aprovisionfordoubtfulreceivablesisrecognised Receivables aresubjecttoimpairmenttestingasdescribed instruments becausetheydonotarisefromacontract. (except forimpairment),butarenotclassifi ed asfi nancial recognised andmeasuredsimilarlytocontractualreceivables for recognitionandmeasurement).Statutoryreceivables,are and categorisedasloansreceivables(refertoNote(h) Contractual receivablesareclassifi ed asfi nancial instruments statutoryreceivables,whichinclude predominantly \

and accruedinvestmentincome; in relationtogoodsandservices,loansthirdparties receivables arenotclassifi ed asfi nancial instruments. are classifi ed asfi nancial instruments.Statutory input creditsrecoverable.Receivablesthatarecontractual amounts owingfromtheVictorianGovernmentandGST (i) FinancialAssets–ImpairmentofAssets.) of thefullnominalamountisnolongerprobable.(SeeNote1 A provisionfordoubtfuldebtsisrecognisedwhencollection recorded asrevenue. is chargedonamountsoutstandinguntilfullyrepaidand Personal PropertySecuritiesRegistercharges.Interest Loan Agreementstogetherwithrelevantguaranteesand agreements. Produceroffsetloansaresecuredbyexecuted loan securedbyexecuteddistributioncontractsandpre-sale Cash FlowFacility offset. ItalsoleveragesincreasedproductioninVictoria. in internationalfi nancing and fi nancing oftheproducer private sectorparticipationandassistinglocalproducers provides fi nancial supportfortheindustryby underpinning and distributionguarantees.The producer offsetandpre-salesbywayofbroadcastlicenses providing loanstofi nance the AustralianTaxation Offi ce facility whichcomplementsFilmVictoria’s programsby The FilmVictoria CASH FLOW FACILITY (CFF) –PRODUCER LOANS when projectsareproduced. repayment periodwilldifferfromcasetocase,dependingon production companycommencingprincipalphotography. The projects completingcertainstagesforexample,therelevant of payment.AdvancesmayberepaidtoFilmVictoriaupon and agreedbusinesscosts.Thesearewrittenoffintheperiod example toproductioncompaniestowardsspecifi ed projects Under certainprogramsFilmVictoriamakesadvances,for the fi rst commercialrelease. that FilmVictoria’s entitlementtorecoupceases5yearsafter Film Victoria’s copyrightreversionpolicy. Thispolicymeans of theprojectallowsoveratimeframesetinaccordancewith of investmentisrecoupedbytheorganisationassuccess investment iswrittenoffintheperiodofpayment.Thistype directly toscreenprojectsandtheamountofFilmVictoria’s Production investmentisanequitymade EQUITY INVESTMENTS ANDADVANCES Cash FlowFacility advancestoproducersarebynaturea Cash FlowFacility isarevolvingfi nancial

IMPAIRMENT OF FINANCIAL ASSETS (K) LIABILITIES At the end of each reporting period, Film Victoria assesses PAYABLES whether there is objective evidence that a fi nancial asset Payables consist of: or group of fi nancial assets is impaired. Objective evidence includes fi nancial diffi culties of the debtor, default payments, \ contractual payables, including items such as accounts debts which are more than 60 days overdue, and changes in payable and unearned income including deferred income debtor credit ratings. All fi nancial instrument assets, except from concessional arrangements. Accounts payable those measured at fair value through profi t and loss, are represent liabilities for goods and services provided subject to annual review for impairment. by Film Victoria prior to the end of the fi nancial year that are unpaid, and arise when Film Victoria becomes obliged Receivables are assessed for bad and doubtful debts on a to make future payments in respect of the purchase of regular basis. Those bad debts considered as written off by those goods and services; and mutual consent are classifi ed as a transaction expense. Bad debts not written off by mutual consent and the allowance for \ statutory payables, such as goods and services tax doubtful receivables are classifi ed as other economic fl ows in and fringe benefi ts tax payables. the net result. Contractual payables are classifi ed as fi nancial instruments The amount of the allowance is the difference between the and categorised as fi nancial liabilities at amortised costs fi nancial asset’s carrying amount and the present value (refer to Note 1 (h)). Statutory payables are recognised and of estimated future cash fl ows, discounted at the effective measured similarly to contractual payables, but are not interest rate. classifi ed as fi nancial instruments and not included in the category of fi nancial liabilities at amortised cost, because they In assessing impairment of statutory (non contractual) do not arise from a contract. fi nancial assets which are not fi nancial instruments, professional judgement is applied in assessing materiality and PROVISIONS using estimates, averages and other computational methods Provisions are recognised when Film Victoria has a in accordance with AASB 136 Impairment of Assets. present obligation, the future sacrifi ce of economic benefi ts is probable, and the amount of the provision (J) NON-FINANCIAL ASSETS can be measured reliably. PROPERTY, PLANT AND EQUIPMENT All non-fi nancial physical assets are measured The amount recognised as a liability is the best estimate of initially at cost and subsequently measured at amounts the consideration required to settle the present obligation at equal to the fair value less accumulated depreciation reporting date, taking into account the risks and uncertainties and impairment. surrounding the obligation. Where a provision is measured using the cash fl ows estimated to settle the present The fair value of plant and equipment is normally determined obligation, its carrying amount is the present value of those by reference to the asset’s depreciated replacement cost. cash fl ows, using discount rate that refl ects the time value For plant and equipment, existing depreciated historical cost of money and risks specifi c to the provision. is generally a reasonable proxy for depreciated replacement cost because of the short lives of the assets concerned. When some or all of the economic benefi ts required to settle a provision are expected to be received from a third Leasehold improvements party, the receivable is recognised as an asset if it is virtually The cost of a leasehold improvement is capitalised as an certain that recovery will be received and the amount of the asset and depreciated over the remaining term of the lease receivable can be measured reliably. or the estimated useful life of the improvement, whichever is the shorter.

OTHER NON-FINANCIAL ASSETS Prepayments Other non-fi nancial assets include prepayments which represent payments in advance of receipt of goods or services or that are part of expenditure made in one accounting period covering a term extending beyond that period. FILM VICTORIA FINANCIAL STATEMENTS 60–61 ANNUAL REPORT 2011/12 from theprovisionforemployeebenefi ts. compensation andsuperannuationarerecognisedseparately Employee benefi ts on-costssuchaspayrolltax,workers Employee benefi nominalvalue-componentthatFilmVictoria \ measured at: The componentsofthiscurrentLSLliabilityare 12 months. of theentitlementshouldanemployeetakeleavewithin it willnothavetheunconditionalrighttodefersettlement not expecttosettletheliabilitywithin12monthsbecause statements asacurrentliabilityevenwhereFilmVictoriadoes Unconditional LSLisdisclosedinthenotestofi nancial in theprovisionforemployeebenefi ts. Liability forlongserviceleave(LSL)isrecognised leave Long service b) remuneration rateexpectedtoapplyatthetimeofsettlement. expected tobepaidwhentheliabilitiesaresettledusing liabilities, butaremeasuredatpresentvalueoftheamounts recognised intheprovisionforemployeebenefi ts ascurrent are notexpectedtobesettledwithin12monthsalso are measuredattheirnominalvalue.Thoseliabilitiesthat to besettledwithin12monthsofthereportingperiod, as currentliabilities.Thoseliabilitieswhichareexpected recognised intheprovisionforemployeebenefi ts, classifi ed Liabilities forwagesandsalariesannualleaveare Wages andsalaries, annualleaveandsick (a) service leaveforservicesrenderedtothereportingdate. in respectofwagesandsalaries,annualleavelong Provision ismadeforbenefi ts accruingtoemployees Employee benefi (i) other economicfl ow. in bondinterestratesforwhichitisthenrecognisedasan except totheextentthatagainorlossarisesduechanges of non-currentLSLliabilityisrecognisedasatransaction, Any gainorlossfollowingrevaluationofthepresentvalue is measuredatpresentvalue. requisite yearsofservice.Thisnon-currentLSLliability of theentitlementuntilemployeehascompleted There isanunconditionalrighttodeferthesettlement Conditional LSLisdisclosedasanon-currentliability. presentvalue-componentthatFilmVictoria \

expects tosettlewithin12months;and does notexpecttosettlewithin12months. ts on-costs ts lessee. Allotherleasesareclassifi ed asoperatingleases. the risksandrewardsofownershipfromlessorto whenever thetermsofleasetransfersubstantiallyall equipment areclassifi ed as fi nance infrastructureleases to ownership.Leasesofinfrastructure,property, plantand agreement soastorefl ect therisksandrewardsincidental or fi nance leasesbasedontheeconomicsubstance ofthe Leases areclassifi ed attheir inceptionaseitheroperating of timeinexchangeforpayment. A leaseisarighttouseanassetforagreedperiod (L) LEASES (M) EQUITY recognised inthebalancesheet. from theuseofleasedasset.Theassetisnot representative ofthetimepatternbenefi ts derived term, exceptwhereanothersystematicbasisismore operating statementonastraight-linebasisoverthelease rentals, arerecognisedasanexpenseinthecomprehensive Operating leasepayments,includinganycontingent OPERATING LEASES in thebalancesheet. as commitmentsoncetherelatedliabilitiesarerecognised stated. Thesefutureexpendituresceasetobedisclosed the netpresentvalueofsignifi cant individualprojectsare and providesadditionalrelevantinformationtousers, payable. Inaddition,whereitisconsideredappropriate value andinclusiveofthegoodsservicestax(GST) are disclosedbywayofnote(referNote11)attheirnominal commitments arisingfromcontracts.These Commitments forfutureexpenditureincludeoperating COMMITMENTS (N) by owners. or distributionshavealsobeendesignatedascontributions capital. Othertransfersthatareinthenatureofcontributions contributions byownersarerecognisedascontributed Additions tonetassetswhichhavebeendesignatedas CONTRIBUTIONS BY OWNERS (O) ACCOUNTING FOR THE GOODS AND SERVICES TAX (GST) Income, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case, it is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the balance sheet.

Cash fl ows are presented on a gross basis. The GST component of cash fl ows arising from investing or fi nancing activities which are recoverable from, or payable to, the taxation authority, are presented as operating cash fl ows.

(P) AAS’S ISSUED THAT ARE NOT YET EFFECTIVE Film Victoria has adopted all the new and revised Australian Accounting Standards (ASS) and interpretations issued by the Australian Accounting Standards Board (AASB) that are relevant to its operations and effective for reporting from 1 July 2011. Management has given due consideration to new and revised standards and interpretations issued by AASB that are not yet effective and do not believe they will have any material ﬁ nancial impact on the ﬁ nancial statements. Film Victoria has not early adopted these standards. FILM VICTORIA FINANCIAL STATEMENTS 62–63 ANNUAL REPORT 2011/12 NOTE 2.NETRESULT FROM OPERATIONS Total operating expenses Supplies andservices Operating leases OTHER OPERATING EXPENSES (F) Total depreciationandamortisation Amortisation ofnon-currentassets Depreciation ofnon-currentassets 73,016 DEPRECIATION ANDAMORTISATION (E) Total employeeexpenses 82,328 Salary costs Superannuation EMPLOYEE EXPENSES (D) Total programcosts Program payments PROGRAM COSTS (C) EXPENSES FROM TRANSACTIONS 22,416,426 Total otherincome 17,541,463 Total interestrevenue Interest andPremiumsondevelopmentproduction Interest/Production advances Interest/Financial institutions Total programrevenue Investment andgrantsrepayments Administration fees Development buyout (B) OTHER INCOME Total governmentfunding Government fundingforcontinuingoperations A INCOME FROM GOVERNMENT (A) INCOME FROM TRANSACTIONS POST EMPLOYMENT BENEFITS INTEREST REVENUE PROGRAM REVENUE GOVERNMENT FUNDING $$ 022011 2012 5579617,903,124 17,903,124 15,547,946 15,547,946 22,416,426 17,541,463 ,7,3 2,510,089 2,103,622 2,175,439 1,753,972 4,855,693 4,400,599 4,609,853 4,158,692 3,050,565 1,686,896 2,919,970 1,522,019 1,315,153 1,345,897 1,363,669 1,397,951 2,6 406,467 421,466 311,334 190,400 120,934 256,098 154,400 101,698 455,094 451,161 555,400 344,745 463,524 558,442 157,353 682,156 374298,727 93,794

NOTE 3: OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT

2012 2011

(A) NET GAIN/(LOSS) ON NON-FINANCIAL ASSETS Net loss on disposal of non-ﬁ nancial assets (1,904) 0 Total net gain/(loss) on non-ﬁ nancial assets (1,904) 0

(B) NET GAIN/(LOSS) ON FINANCIAL INSTRUMENTS Impairment on ﬁ nancial instruments (See Note 13) 14,799 (137,655) Total net gain/(loss) on ﬁ nancial instruments 14,799 (137,655)

(C) OTHER GAIN/(LOSS) FROM OTHER ECONOMIC FLOWS Net gain/(loss) arising from revaluation of long service leave liability 31,984 (2,371) Net gain/(loss) arising from revaluation of long service leave liability 31,984 (2,371)

NOTE 4. RECEIVABLES

2012 2011

CURRENT RECEIVABLES CONTRACTUAL Cash Flow Facility – Producer Loans 0 2,854,353 Cash Flow Facility – Impairment allowance 0 (137,655) Other receivables (i) 0 665,600 Interest receivable 42,397 48,378 Total current contractual receivables 42,397 3,430,676

STATUTORY GST receivable 24,053 55,267 Total current statutory receivables 24,053 55,267

NON-CURRENT RECEIVABLES CONTRACTUAL Cash Flow Facility – Producer Loans 514,135 0 Cash Flow Facility – Impairment allowance (122,856) 0 Total non-current receivables 391,279 0 TOTAL RECEIVABLES 3,457,729 3,549,970 (i) The average credit period on sales of goods and services is 30 days. An allowance has been made for estimated irrecoverable amounts from the sale of goods and services, determined by reference to past default experience. FILM VICTORIA FINANCIAL STATEMENTS 64–65 ANNUAL REPORT 2011/12 received duringthereportingperiod. Producer Loan This tablesummarisestheamountof in Note13FinancialInstruments. Details oftheimpairmentinproducers’loansareincluded o-urn F rdcrLasdeatr1 ots0 0 2,854,353 (6,312,722) 2,854,353 2,854,353 0 514,135 (2,385,663) 514,135 514,135 Total CFFProducerLoans(beforeimpairmentallowance) Non-current CFFProducerLoansdueafter12months Current CFFProducerLoansduewithin12months Closing balance(beforeimpairmentallowance) Less: Loanprincipalrepayments Add: Furtherloanadvances Opening balance CASH FLOW FACILITY (CFF) –PRODUCER LOANS AT COST oeeti maretpoiinfrCFPoue on 1,9)137,655 (14,799) Balance atendofyear Movement inimpairmentprovisionforCFFProducerLoans Balance atbeginningofyear FOR IMPAIRMENT OFCFFPRODUCER LOANS MOVEMENT INTHEALLOWANCE advancespaidoutandprincipalrepayments ACCOUNT Cash FlowFacility– $$ $$ 022011 2012 022011 2012 2,899,798 9,167,075 2,854,353 7,836,304 122,856 137,655 137,655 0 45,445 1,330,771

NOTE 5. PROPERTY, PLANT AND EQUIPMENT

(A) PROPERTY, PLANT AND EQUIPMENT AT COST LESS ACCUMULATED DEPRECIATION OR AMORTISATION

2012 2011 $$ LEASEHOLD IMPROVEMENTS At cost 1,212,408 1,212,408 Less: Accumulated depreciation (1,090,808) (936,408) Total Leasehold Improvements 121,600 276,000

AUDIO VISUAL EQUIPMENT At cost 59,343 58,594 Less: Accumulated depreciation (45,207) (41,264) Total Audio Visual Equipment 14,136 17,330

COMPUTER EQUIPMENT At cost 420,368 446,972 Less: Accumulated depreciation (375,014) (329,386) Total Computer Equipment 45,354 117,586

FURNITURE AND FITTINGS At cost 217,821 217,127 Less: Accumulated depreciation (197,628) (174,100) Total Furniture and Fittings 20,193 43,027

OFFICE EQUIPMENT At cost 37,070 37,070 Less: Accumulated depreciation (35,452) (34,400) Total Ofﬁ ce Equipment 1,618 2,670 Total Property, Plant and Equipment 202,901 456,613 FILM VICTORIA FINANCIAL STATEMENTS 66–67 ANNUAL REPORT 2011/12 NOTE 6.PAYABLES diin ,4 9 4,441 0 0694 456,613 3,747 2,670 0 43,027 117,586 17,330 276,000 Disposals Additions Balance asat1July2011 RECONCILIATIONS OF THECARRYING AMOUNTS OFEACH CLASSOFPROPERTY, PLANTAND (B) ipsl 00(686 56 106 (68,499) (1,046) 336,102 456,613 (586) 0 2,670 67,718 (387,334) 970 (66,866) 43,027 (1,247) 1,816 0 508,624 117,586 (23,548) 586 39,387 3,994 202,901 (92,966) 17,330 0 66,163 1,618 27,547 14,899 (3,173) 64,759 276,000 (228,551) 0 0 280,000 20,193 (266,400) 171,868 (1,052) 45,354 5,604 (23,528) 0 0 Balance at30June2011 (72,080) 14,136 262,400 Asset impairment (5,037) Depreciation expense 121,600 26,452 Accumulated DepreciationonDisposals (154,400) Disposals 1,095 Additions Balance asat1July2010 0 Balance at30June2012 Asset impairment Depreciation expense Accumulated DepreciationonDisposals CONTRACTUAL CURRENT PAYABLES TOTAL PAYABLES Total currentpayables Supplies andservices EQUIPMENT AT THEBEGINNING ANDENDOFTHE CURRENTFINANCIALPERIODARESETOUTBELOW. $$$$$$

IMPROVEMENTS AT FAIR VALUE LEASEHOLD 0 000 00 000 00 AUDIO VISUAL AT FAIR VALUE EQUIPMENT 299 2,0)00(29,602) 0 0 (26,603) (2,999) AT FAIR VALUE EQUIPMENT COMPUTER $$ 022011 2012 AND FITTINGS AT FAIR VALUE

FURNITURE 80,853 56,368 80,853 56,368 80,853 56,368 TFI AU TOTAL AT FAIR VALUE EQUIPMENT OFFICE NOTE 7. PROVISIONS

2012 2011 $$ CURRENT PROVISIONS EMPLOYEE BENEFITS – ANNUAL LEAVE Unconditional and expected to be settled within 12 months 308,877 329,034 Unconditional and expected to be settled after 12 months 0 0

EMPLOYEE BENEFITS – LONG SERVICE LEAVE Unconditional and expected to be settled within 12 months 56,523 55,363 Unconditional and expected to be settled after 12 months 133,175 88,882 Total current provisions 498,575 473,279

NON-CURRENT PROVISIONS Employee beneﬁ ts 192,050 173,420 Leasehold dismantling costs 279,967 279,967 Total non-current provisions 472,017 453,387

TOTAL PROVISIONS 970,592 926,666

(A) EMPLOYEE BENEFITS AND RELATED ON-COSTS CURRENT EMPLOYEE BENEFITS Annual leave 291,668 310,703 Long Service Leave entitlements 178,506 135,735

NON-CURRENT EMPLOYEE BENEFITS Long Service Leave entitlements 180,719 163,188 Total employee beneﬁ ts 650,893 609,626

CURRENT ON-COSTS Annual leave 17,208 18,331 Long service leave 11,192 8,510 Non-current on-costs-long service leave 11,331 10,232 Total on-costs 39,732 37,074 TOTAL EMPLOYEE BENEFITS AND RELATED ON-COSTS 690,625 646,699

(B) MOVEMENT IN PROVISIONS FOR EMPLOYEE BENEFITS Opening balance 646,699 595,663 Leave taken (363,145) (370,097) Additional provisions recognised 407,071 421,133 Closing balance 690,625 646,699 FILM VICTORIA FINANCIAL STATEMENTS 68–69 ANNUAL REPORT 2011/12 offiequipment. ce at 189FlindersLane,Melbourneandminorrelated Operating leasesarewithrespecttooffi ce space DISCLOSURES FORLESSEES–OPERATING LEASES NOTE 10. LEASES allocated tovariousprograms,buthasyetbeexpended. 30 June2012representsexpenditurethathasbeen The Accumulatedsurplustotalof$3,753,469asat NOTE 9. ACCUMULATED SURPLUS Statement. the employeebenefi ts intheComprehensiveOperating for thereportingperiodasexpense,includedpartof Film Victoriarecognisesallsuperannuationcontributions Contributions outstandingasat30June2012werenil. in 2011/12amountto$174,612(2010/11$167,602). Employer contributionspaidtoothervariousschemes OTHER Contributions outstandingasat30June2012werenil. in 2011/12amountto$276,548(2010/11$287,492). Employer contributionspaidtotheVicSuperscheme VICSUPER contribution plans: of itsemployeesduring2011/12tothefollowingdefi ned Film Victoriahasmadeemployercontributionsonbehalf NOTE 8.SUPERANNUATION Provisions derecognised Additional provisionsrecognised Opening balance MOVEMENT INPROVISION FORLEASEHOLD DISMANTLINGCOSTS (C) NON-CANCELLABLE OPERATING LEASESPAYABLE ogrta n eradntlne hnfiv er ,4 217,153 8,040 Longer thanoneyearandnotlongerfi ve years Not laterthanoneyear Closing balance rsn au fmnmmlaepyet 1,5 555,590 217,153 Present valueofminimumleasepayments $$ 022011 2012 2997 279,967 279,967 279,967 75,967 209,113 338,437 0 0 204,000

NOTE 11. COMMITMENTS FOR EXPENDITURE

(A) PROGRAMS AND CASH FLOW FACILITY – PRODUCER LOANS The balance of Film Victoria’s commitments which were not disbursed in this twelve month period amounted to $20,298,110 (2011: $22,405,181). These commitments become payable when contracts are executed and upon contractees satisfying certain conditions. Payments of these commitments are expected to be made within ﬁ ve years of the balance sheet date. Commitments are stated inclusive of the Goods and Services Tax (GST) payable.

The balance of outstanding commitments includes amounts funded by future year budget allocations.

CASH ANALYSED BY FUNDING AND USAGE 2011/12 OUTSTANDING CASH AS AT COMMITMENTS AS AT BALANCE AS AT

30-JUN-12 30-JUN-12 30-JUN-12 $$$ Cash Flow Facility Available 14,485,865 102,588 14,383,277 Film Victoria Programs (including Digital Media) 17,364,765 20,195,522 (2,830,757) Total cash assets 31,850,630 20,298,110 11,552,520

CASH ANALYSED BY FUNDING AND USAGE 2010/11 OUTSTANDING CASH AS AT COMMITMENTS AS AT BALANCE AS AT

30-JUN-11 30-JUN-11 30-JUN-11 $$$ Cash Flow Facility Available 12,145,647 1,231,774 10,913,873 Film Victoria Programs (including Digital Media) 20,240,603 21,173,407 (932,804) Total cash assets 32,386,250 22,405,181 9,981,069

CASH FLOW FACILITY (CFF) – PRODUCER LOANS

2012 2011 $$ Total Funding for Cash Flow Facility 15,000,000 15,000,000 Less: Total Loans outstanding (before impairment allowance) (514,135) (2,854,353) Cash Flow Facility cash held 14,485,865 12,145,647 Less: Cash Flow Facility Committed not yet paid (102,588) (1,231,774) Less: Impairment allowance on CFF Producer Loans (See Note 4.) (122,856) (137,655) Cash Flow Facility Available 14,260,421 10,776,218

The Cash Flow Facility represents a revolving loan facility. Film Victoria has a stringent credit process to ensure that all loans are prudently managed.

Film Victoria Programs comprise grants provided for Industry Investment and Support. It also includes repayments and recoupments from prior year projects. The balance at 30 June 2012 is committed to fi lm industry initiatives, programs and expenditure carried forward into future periods. FILM VICTORIA FINANCIAL STATEMENTS 70–71 ANNUAL REPORT 2011/12 CATEGORISATION OFFINANCIALINSTRUMENTS for speculativepurposes. instruments, includingderivativefi nancial instruments, Film Victoriadoesnotenterintoortradefi nancial and foreigncurrencyrisk. instruments tomanageitsexposureinterestrate Film Victoriadoesnotenterintoderivativefi nancial minor amountofoperationalforeigncurrencytransactions. risks ofchangesininterestrates,creditexposureanda Film Victoria’s activitiesexposeitprimarilytothefi nancial FINANCIAL RISKMANAGEMENT (A) NOTE 13.FINANCIALINSTRUMENTS at reportingdate. There werenocontingentliabilitiesorassets CONTINGENT ASSETS NOTE 12.CONTINGENT LIABILITIESAND oa aca ses 3,8,0 33,991,594 32,284,306 433,676 Total fi nancial assets Receivables Cash anddeposits 3,430,676 ahFo aiiyPoue on maret(2,5)(137,655) 298,727 165,517 (122,856) 93,794 35,855 Total fi nancial liabilities Total fi nancial assets Cash FlowFacilityProducerLoans–Impairment Cash FlowFacilityProducerLoans–Administration Cash FlowFacilityProducerLoans–Interest Trade andotherreceivables Cash anddeposits FINANCIAL ASSETS NET HOLDINGGAIN/(LOSS) ONFINANCIALINSTRUMENTS BY CATEGORY FINANCIAL LIABILITIES FINANCIAL ASSETS Other payables FINANCIAL LIABILITIES oa aca iblte 083 56,368 80,853 56,368 80,853 Contractualfi nancial liabilities atamortisedcost Total fi nancial liabilities Payables OBJECTIVES $ $ AEOY21 2011 2012 CATEGORY through profi t andloss receivables atamortisedcostorfairvalue Contractual fi nancial assets-loansand $$ 022011 2012 31,850,630 30,560,918 1,352,690 1,641,742 1,345,897 1,315,153 0 0 0 0

In determining the amount of an impairment allowance, Film Victoria takes into account the likelihood of the timing and amounts of payments by a producer and, where relevant, by any producer associated distribution company. See also Note 13 (d).

(B) SIGNIFICANT ACCOUNTING POLICIES Film Victoria’s accounting policies including the terms and conditions of each class of ﬁ nancial asset and ﬁ nancial liability recognised at balance date, are stated in Note 1.

(C) INTEREST RATE RISK Film Victoria’s exposure to interest rate risks and the effective interest rate risks of ﬁ nancial assets and ﬁ nancial liabilities recognised at balance date, are as follows:

THE FOLLOWING TABLE DETAILS FILM VICTORIA’S EXPOSURE TO INTEREST RATE RISKS AS AT 30 JUNE 2012

WEIGHTED AVERAGE EFFECTIVE VARIABLE FIXED NON-INTEREST CARRYING INTEREST RATE INTEREST RATE INTEREST RATE BEARING AMOUNT $$$ $ FINANCIAL ASSETS CASH AND DEPOSITS Cash on hand and cash at bank 3.42% 476,830 0 800 477,630 Short term/at call deposits 3.58% 31,373,000 0 31,373,000

RECEIVABLES Cash Flow Facility – Producer Loans 3.56% – 9.75% 0 391,279 0 391,279 Other receivables (excluding prepayments) N/A 0 0 42,397 42,397 Total ﬁ nancial assets 476,830 31,764,279 43,197 32,284,306

FINANCIAL LIABILITIES PAYABLES Other payables N/A 0 0 80,853 80,853 Total ﬁ nancial liabilities 0 0 80,853 80,853 FILM VICTORIA FINANCIAL STATEMENTS 72–73 ANNUAL REPORT 2011/12 Debtcollectionpoliciesandprocedures. \ Byoperatingunderpaymenttermsof30days;and \ following ways: Credit riskintradereceivablesismanagedthe anyoneoverseasdistributor, broadcasterorsalesagent; \ anyoneAustraliandistributor, broadcasterorsalesagent; \ following: exposure cannotexceed$3,000,000foreachofthe Within theFilmVictoria indicated intheBalanceSheet. ﬁ nancial assetisthecarryingamountofthoseassetsas balance sheetdateinrelationtoeachclassofrecognised Film Victoria’s maximumexposuretocreditriskatthe CREDITRISK (D) THE FOLLOWING TABLE DETAILS FILMVICTORIA’S EXPOSURE TO INTERESTRATE RISKSASAT 30JUNE2011 anyoneproducer. (Producersareeligibletoapply \

te aalsNA0 5,6 56,368 56,368 56,368 56,368 0 0 0 0 33,991,594 714,778 713,978 N/A 33,116,698 713,978 2,716,698 160,118 0 0 0 2,716,698 Total ﬁ nancial liabilities 0 Other payables N/A 3.56%–9.75% Total ﬁ nancial assets Other receivables(excludingprepayments) Cash FlowFacility–ProducerLoans PAYABLES FINANCIAL LIABILITIES RECEIVABLES CASH ANDDEPOSITS FINANCIAL ASSETS hr ema aldpst .5 04000 30,400,000 0 160,918 800 30,400,000 0 160,118 4.85% 4.65% Short term/atcalldeposits Cash onhandandcashatbank and same project). to FilmVictoriaforanequityinvestmentthe

Cash FlowFacility $$$ $

, themaximum INTEREST RATE WEIGHTED EFFECTIVE AVERAGE

INTEREST RATE VARIABLE INTERESTRATE FIXED NON-INTEREST BEARING CARRYING AMOUNT THE FOLLOWING TABLE DISCLOSES THE AGEING OF FINANCIAL ASSETS

NOT PAST DUE BUT NOT IMPAIRED PAST DUE CARRYING AND NOT LESS THAN AMOUNT IMPAIRED 30 DAYS 30–90 DAYS 90–365 DAYS IMPAIRED $$$$$$

2012 FINANCIAL ASSETS Cash on hand and cash at bank 477,630 477,6300000 Short term/at call deposits 31,373,000 31,373,0000000 Cash Flow Facility – Producer Loans 514,135 391,279000122,856 Other receivables (excluding prepayments) 42,397 42,3970000 Total 2012 ﬁ nancial assets 32,407,162 32,284,306000122,856

NOT PAST DUE BUT NOT IMPAIRED PAST DUE CARRYING AND NOT LESS THAN AMOUNT IMPAIRED 30 DAYS 30–90 DAYS 90–365 DAYS IMPAIRED $$$$$$

2011 FINANCIAL ASSETS Cash on hand and cash at bank 160,918 160,918 0 0 0 0 Short term/at call deposits 30,400,000 30,400,000 0 0 0 0 Cash Flow Facility – Producer Loans 2,716,698 2,579,043 0 0 0 137,655 Other receivables (excluding prepayments) 713,978 713,978 0 0 0 0 Total 2011 ﬁ nancial assets 33,991,594 33,853,939 0 0 0 137,655

The impaired Cash Flow Facility Producer Loans are after an impairment allowance of $122,856 (see Note 13 (a)). In relation to this Film Victoria holds the following security:

\ Loan agreement with the Producer;

\ Deed of charge on certain Producer’s rights to income and subsequent Deed of Variation extending the property charged;

\ Direction to pay by the Distributor Company in Film Victoria’s beneﬁ t; and

\ Deed of Assignment of the Producer’s Stipulated Judgement on the Distributor Company.

This is subject to on-going negotiations. Until those negotiations are concluded, there is uncertainty in the assessment of the impairment allowance. Consequently, the realised value of the impaired Cash Flow Facility – Producer Loans may differ from the carrying value. FILM VICTORIA FINANCIAL STATEMENTS 74–75 ANNUAL REPORT 2011/12 Cash anddeposits has beenmade. they arepaidinfullexceptwhereanimpairmentallowance nature ofthefi nancial instrumentsandtheexpectationthat approximation oftheirfairvalues,becausetheshort-term liabilities recordedinthefi nancial statementsareafair The carryingamountoffi nancial instrumentsassetsand FAIR VALUE (F) 2012 FINANCIALASSETS MARKET RISKEXPOSURE –INTERESTRATE in interestrateasat30June2012and2011. best estimatesofthepossibleadverseeffectschanges in interestrate.Theexposuresarebasedonmanagement’s The tablebelowdetailsFilmVictoria’s sensitivitytoshifts calculated atshiftsofplusorminus2percentrespectively. or fl oating rates.Minimumandmaximumexposures are fi nancial assetsnotexceedingoneyear, whichareatfi xed Interest ratesensitivityanalysisisbasedonbalancesof INTERESTRATE SENSITIVITYANALYSIS (E) oa mat 6703 6703 - 637,013 - (637,013) Total impact oa mat 6128 6128 - 611,218 - 611,218 (611,218) - (611,218) 30,560,918 Total impact Cash anddeposits 2011 FINANCIALASSETS 3,5,3 6703 637,013 - (637,013) 31,850,630 CARRYING CARRYING AMOUNT AMOUNT $$$$$ $$$$$ NET RESULT NET RESULT 2 +2% -2% 2 +2% -2% REVALUATION REVALUATION AVAILABLE- AVAILABLE- FOR-SALE FOR-SALE UPU NETRESULT SURPLUS UPU NETRESULT SURPLUS INTEREST RATE INTEREST RATE REVALUATION REVALUATION AVAILABLE- AVAILABLE- FOR-SALE FOR-SALE SURPLUS SURPLUS THE FOLLOWING TABLE SHOWS THAT THE FAIR VALUES OF THE FINANCIAL ASSETS ARE THE SAME AS THE CARRYING AMOUNTS.

CARRYING AMOUNT FAIR VALUE CARRYING AMOUNT FAIR VALUE

2012 2012 2011 2011 $$$$ FINANCIAL ASSETS Fair value measurement at end of reporting period using: Level 2 Short term/at call deposits 31,373,000 31,373,000 30,400,000 30,400,000 Level 3 Cash Flow Facility – Producer Loans 391,279 391,279 2,716,698 2,716,698 Total ﬁ nancial assets 31,764,279 31,764,279 33,116,698 33,116,698

CASH FLOW FACILITY – PRODUCER LOANS

2012 2011 $$ Opening balance 2,716,698 7,836,304 Loan advances 45,445 1,330,771 Loan principal repayments (2,385,663) (6,312,722) Impairments (recognised in Comprehensive Operating Statement) 14,799 (137,655) Closing balance 391,279 2,716,698

NOTE 14. CASH FLOW INFORMATION

For the purposes of the Cash Flow Statement, cash includes cash on hand and in banks and investments in money market instruments, net of outstanding bank overdrafts. Cash at the end of the ﬁ nancial year as shown in the Cash Flow Statement is reconciled to the related items in the balance sheet as follows:

(A) RECONCILIATION OF CASH AND CASH DEPOSITS

2012 2011 $$ Cash on hand 800 800 Cash at bank 476,830 160,118 Short term/at call deposits – programs and operating activities 16,887,135 18,254,353 Short term/at call deposits – Cashﬂ ow facility fund 14,485,865 12,145,647 Total cash assets 31,850,630 30,560,918

The Cash Flow Facility is a revolving loan facility. Short term/at call deposits – cashfl ow facility fund may only be used to advance loans. FILM VICTORIA FINANCIAL STATEMENTS 76–77 ANNUAL REPORT 2011/12 (appointed 18October2011) Lyn Maddock (term expired31August2011) Ana Kokkinos Dan Fill Joanne Dawson Ann Darrouzet Debra Allanson (term expired31August2011) President John Howie (appointed 22September2011) President Ian Robertson GOVERNING BOARD The Hon.LouiseAsherMP SERVICES ANDSMALLBUSINESS MINISTER FORINNOVATION, period are: at anytimeduringthe12monthfi nancial reporting The namesofpersonswhowereResponsiblePersons NOTE 15.RESPONSIBLE PERSONS RECONCILIATION OFNETRESULT(B) FORTHEPERIODTO NETCASHFLOWS FROM OPERATING ACTIVITIES: e ahfo/ue n prtn ciiis(,4,1)(228,270) (1,046,216) Net cashfrom/(usedin)operatingactivities Non-current provisions Current provisions Current payables an(os nsl fnnfinnilast ,0 0 1,904 311,334 256,098 Impairment allowance Gain/(loss) onsaleofnon-fi nancial assets Depreciation andamortisationofnon-currentassets Net resultfortheperiod INCREASE/(DECREASE) INLIABILITIES: (INCREASE)/DECREASE INASSETS: CHANGES INNETASSETS ANDLIABILITIES Other currentassets Current receivables

(appointed 22September2011) Daryl Talbot Jan Sardi David Parker Michael McMahon Kim McGrath in Note17–Remunerationofexecutives. Remuneration oftheAccountable Ofﬁ cer is included and Cabinet. in theﬁ nancial statementsoftheDepartmentPremier The remunerationoftheMinister isreportedseparately and $10,000–$20,000(10members). (10 members).2011$20,000–$30,000–(1member) $20,000–$30,000 –(1member)and$10,000–$20,000 Remuneration wasbasedonthefollowingbands: Boards StatutoryBodiesandAdvisoryCommittees. and RemunerationGuidelinesforVictorianGovernment Remuneration wasbasedonthePremier’s Appointment Members oftheGoverningBoardwereremunerated. and appointed2November2011) (Acting CEO1JulytoNovember Jenni Tosi CHIEF EXECUTIVE OFFICERANDACCOUNTABLE OFFICER

022011 2012

20302 (253,275) (2,083,022) 1,9)137,655 (14,799) 702,794 (630,859) 18,630 210,146 25,296 44,890 24,485 (50,292) 22,399 2,131

$$ The transactions cover payments and receipts relating to NOTE 16. RELATED PARTY TRANSACTIONS Film Victoria programs for equity investments, production attraction, content development, cash ﬂ ow funding and Other transactions during the ﬁ nancial year with Responsible business and skills development as well as participation Persons and Responsible Person-related entities are set out in committees. in the table below. All such transactions are carried out at arm’s length with the entities involved and receive the same amount of scrutiny that apply to all applicants to the Film Victoria program.

2012 2011 Entity Transaction Type $ $ Executive Wealth Strategies Pty Ltd/Jo Dawson Payments 0 3,500 Receipts 0 0 Chocolate Liberation Front Pty Ltd/Dan Fill Payments 48,860 153,000 Receipts (25,750) (10,400) SLH Consulting & Communications/Siu Ling Hui Payments 0 500 Receipts 0 0 Zizani Films Pty Ltd/Ana Kokkinos Payments 13,000 1,000 Receipts 0 0 City Films Worldwide Pty Ltd/Michael Lynch Payments 0 0 Receipts 0 (4,766) Big and Little Films Pty Ltd/Michael McMahon Payments 0 20,000 Receipts 0 (16,750) Anatomy 2 Pty Ltd/Michael McMahon Payments 0 8,000 Receipts 0 0 Anatomy Productions Pty Ltd/Michael McMahon Payments 96,675 45,000 Receipts (11,555) (13,256) Matchbox Pictures Pty Ltd/Michael McMahon Payments 0 11,039 Receipts 0 0 The Slap Productions Pty Ltd/Michael McMahon Payments 27,500 482,815 Receipts 0 (72,500) MSSA Productions Pty Ltd/Michael McMahon Payments 2,000 40,000 Receipts 0 (6,340) Underground Productions Pty Ltd/Michael McMahon Payments 167,250 0 Receipts (25,500) 0 Aussies in LA Productions Pty Ltd/Michael McMahon Payments 00 Receipts (20,625) 0 December Films Pty Ltd/Bryce Menzies Payments 0 72,388 Receipts 0 0 Love and Mortar Productions Pty Ltd/David Parker Payments 0 20,000 Receipts 0 (1,249,708) Cascade Film Pty Ltd/David Parker Payments 655 21,310 Receipts 0 0 Breakaway Scripts Pty Ltd/Jan Sardi Payments 1,810 2,310 Receipts 0 0 Day for Night Productions/Jenni Tosi Payments 0 20,230 Receipts 0 0 FILM VICTORIA FINANCIAL STATEMENTS 78–79 ANNUAL REPORT 2011/12 1000$8,9 1 1 1 1 1 $190,000–$199,999 $180,000–$189,999 $150,000–$159,999 $120,000–$129,999 $100,000–$119,999 3000$1,9 1 1 1 that appliedduringthefi nancial year. benefi ts, longserviceleaveandanyretrospectiveadjustments Total remunerationincludesbonuspayments,termination $310,000–$319,999 $220,000–$229,999 $210,000–$219,999 $200,000–$209,999 of theAccountableOffi cer issetoutinthetablebelow. The remunerationofexecutiveoffi cers includingthat NOTE 17. REMUNERATION OFEXECUTIVES to voteonthematter. unless thePresidentdirectsotherwise,andisnotentitled not bepresentduringanydeliberationsonthematter, A memberwhohasaconfl ict ofinterestinamattermust Sector together withthe provisions ofthe panels, CEOandstaffareboundbytheConfl ict ofInterest Film Victoria’s Board,committees,internalstaffassessment oa ubro xctvs2 2 2 $377,107 2 2 $315,455 2 $499,832 2 $324,588 2 2 2 Total amount Total annualisedemployeeequivalent(AEE) Total numberofexecutives NOEBN OA EUEAINBASEREMUNERATION TOTAL REMUNERATION INCOME BAND (sections34–37). Film Act2001 Code ofConductfortheVictorianPublic (Vic.)(sections39–42), O O O NO. NO. 2011 NO. 2012 NO. 2012 2011 11 NOTE 18. REMUNERATION OF AUDITORS

2012 2011 $$ Victorian Auditor General’s Ofﬁ ce Audit of the ﬁ nancial statements 20,250 18,200 20,250 18,200

NOTE 19. EVENTS AFTER BALANCE SHEET DATE

Film Victoria is not aware of any material events after the balance sheet date which would affect these fi nancial statements. FILM VICTORIA FINANCIAL STATEMENTS 80 ANNUAL REPORT 2011/12 on 23August2012. We authorisetheattachedfi nancial statementsforissue statements tobemisleadingorinaccurate. which wouldrenderanyparticularsincludedinthefi nancial At thetimeofsigning,wearenotawareanycircumstance of FilmVictoriaat30June2012. during theyearended30June2012andfi nancial position accompanying notes,presentsfairlythefi nancial transactions Statement ofChangesinEquity, CashFlowStatementand in theComprehensiveOperatingStatement,BalanceSheet, We furtherstatethat,inouropinion,theinformationsetout requirements. standards andothermandatoryprofessionalreporting Financial ReportingDirections,Australianaccounting 4.2 ofthe been preparedinaccordancewithStandingDirection The attachedfi nancial statements forFilmVictoriahave AND ACCOUNTING OFFICER’S DECLARATION ACCOUNTABLE OFFICERSANDCHIEF FINANCE 23 August2012 Melbourne Film Victoria President I. Robertson Financial ManagementAct1994 23 August2012 Melbourne Film Victoria Chief ExecutiveOffi cer J. Tosi , applicable 23 August2012 Melbourne Film Victoria Chief FinancialOffi cer N. Bottriell

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